RegAlert2023-05-10
Added · Updated
Dividends and Profit Repatriation
The Central Bank of Bahrain proposes amendments to its General Requirements and Capital Adequacy Modules to clarify rules governing dividends and profit repatriation for all licensed banks. The regulator invites industry stakeholders, including external auditors, to submit written comments or nil responses by 10 May 2023. These proposed changes will be published on the CBB website and integrated into Volumes 1 and 2 of the Rulebook upon finalization.
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Central Bank of Bahrain
OG/150/2023
12th April 2023
Chief Executive Officer
All Banks
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
Consultation: Dividends and Profit Repatriation
As part of the Central Bank of Bahrain’s (CBB) objective to enhance its regulatory framework, the CBB is hereby proposing amendments to the General Requirements Modules (Module GR) of the CBB Rulebook – Volumes 1 and 2 and the Capital Adequacy Module (Module CA) of Volume 2.
The proposed amendments will be available on the CBB website (www.cbb.gov.bh) under the “Open Consultations” section.
The CBB requests you to provide your comments, including “nil comments” on the proposed amendments in an editable format to consultation@cbb.gov.bh by 10th May 2023.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: Bahrain Association of Banks cc: External Auditors
هاتف ·· ٥٠١٧٤٦٢٩٣٨+، فاكس ٥٠١٧٤٦٢٩٣٨+، ص.ب ٢٧، المنامة، مملكة البحرين T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh
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Source: Central Bank of Bahrain — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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