Regulatory Alerts2023-12-28
Added · Updated
Dividends and Profit Repatriation
The Central Bank of Bahrain proposes amendments to the General Requirements Module (Module GR) updating dividend and profit repatriation rules for insurance licensees. Licensees must submit editable feedback, including nil responses, to consultation@cbb.gov.bh by 28 December 2023. The CBB will publish the finalized amendments on its website following the consultation period.
Central Bank of Bahrain
مَركَزُ الْبَحْرَيْنِ المَالِي
OG/402/2023
30<sup>th</sup> November 2023
Chief Executive Officer
All Insurance Licensees
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 Module (Module GR) under the CBB Rulebook – Volume 3.
The proposed amendments are attached and 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 28<sup>th</sup> December 2023.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: External Auditors
هاتف · +٩٧٣ ١٧٥٤ ٧٥٠٠ ،+٩٧٣ ١٧٥٤ ٧٥٠٠ فاكس · +٩٧٣ ١٧٥٣ ٧٧٩٩ ، 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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