Regulatory Alerts2011-05-16
CBB Volume 5 for Administrator Licensees (Specialised Licensees)
The Central Bank of Bahrain issued this feedback statement to address industry comments on proposed rules for Administrator Licensees under Volume 5 of the Administrators Rulebook. The regulator clarifies that banks holding licenses under Volumes 1 or 2 must comply with specialized administration requirements without obtaining a separate license, while permitting group-level professional indemnity insurance that explicitly covers the licensee. Furthermore, all administrators, including foreign branches and group entities, must maintain minimum liquidity reserves of BD40,000 or BD20,000 plus six months of estimated expenses.
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