2015-09-03

Proposed MoU Between the CBB and AIFMD

The Central Bank of Bahrain (CBB) has issued a consultation notice regarding its proposed Memorandum of Understanding with the Council on Alternative Investment Fund Managers (AIFMD) to secure membership in the European Securities and Markets Authority (ESMA). The agreement establishes formal consultation, cooperation, and information exchange protocols for supervising AIFMD entities across jurisdictions. Regulated banks and investment firms must submit their written feedback electronically to designated CBB officials by 3 September 2015.

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الهيئة التنفيذية لرقابة المؤسسات المالية  
Executive Director of Financial Institutions Supervision  

EDFIS/C/022/2015  
20<sup>th</sup> August 2015  

مصرف البحرين المركزي  
Central Bank of Bahrain  

Chief Executive Officer/General Manager  
All Banks  
All Investment Firm Licensees (Categories 1 and 2)  
Manama  
Kingdom of Bahrain  

Dear Sir,  

**Sub: The Proposed MoU Between the CBB and AIFMD**

The Central Bank of Bahrain is in the process of signing a Memorandum of Understanding (MoU) with the Council on Alternative Investment Fund Managers (AIFMD), in order to become a member of the European Securities and Markets Authority (ESMA).  

The guidelines on the model MoU concerning consultation, cooperation and the exchange of information related to the supervision of AIFMD entities can be found under the following link:  
http://www.esma.europa.eu/system/files/2013-998_guidelines_on_the_model_mous_concerning_aifmd.pdf  

Additionally, a list of the AIFMD MoUs, with a breakdown of the ESMA Members, which have signed the AIFMD MoUs can be found under the following link:  
http://www.esma.europa.eu/content/AIFMD-MoUs-signed-EU-authorities-updated  

Prior to finalising the MoU, the CBB wishes to receive your comments on the proposal. Accordingly, you are kindly urged to access the above links and review their contents.  

Your comments may be submitted electronically to Mr. Ahmed Al Bassam, Director of Licensing & Policy and Mrs. Ebtsiam Al Arrayed, Head of Policy & Central Risk at consultation@cbb.gov.bh by 3<sup>rd</sup> September 2015.  

Thank you for your continued cooperation.  

Yours faithfully,  
Abdul Rahman Al Baker  

ص.ب: 27، المنامة - مملكة البحرين  
هاتف : (+973) 17547312/305 - فاكس: (+973) 17531115  
P.O. Box : 27, Manama - Kingdom of Bahrain  
Tel: (+973) 17547312/305 - Fax: (+973) 17531115  
website: www.cbb.gov.bh  
E-mail: albaker@cbb.gov.bh