Consultation · CBB · 11 May 2016
The Central Bank of Bahrain has issued a consultation paper proposing a new real estate development law to replace Law No. 28 of 2014. All retail banks must electronically submit their formal comments, including nil responses, by 11 May 2016. The complete draft legislation will be made publicly accessible on the regulator’s website immediately following this circular.
Executive Director - Banking Supervision
مصرف البحرين المركزي Central Bank of Bahrain
EDBS/KH/C/14/2016
11th April 2016
Chief Executive Officer
All Retail Banks
Manama
Kingdom of Bahrain
Dear Sir,
The Central Bank of Bahrain ('the CBB') is issuing to all retail banks for their comments a draft real estate development law replacing law No. 28 of 2014.
The draft law shall be available on the CBB website (www.cbb.gov.bh) in the consultations section after the issuance of this circular.
The CBB requests all retail banks to provide their comments, including ‘Nil comments’ on this consultation letter by 11th May, 2016. Please submit your comments electronically to Mr. Ahmed Al Bassam, Director of Licensing & Policy and Mrs. Ebtisam Al Arrayed, Head of Policy & Central Risk at consultation@cbb.gov.bh.
Yours sincerely,
Khalid Hamad
(Signature)
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف : (+973) 17065400 - فاكس: (+973) 17502210 P.O. Box : 27, Manama - Kingdom of Bahrain Tel: (+973) 17547400 - Fax: (+973) 17532605 website: www.cbb.gov.bh E-mail: khalid.hamad@cbb.gov.bh
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