RegAlert

Consultation · CBB · 26 Jan 2017

Draft Resolution on Transfer of Business for Investment Firms – Volume 4

payments

The Central Bank of Bahrain has issued a consultation paper establishing regulatory procedures for investment firms to transfer their business within the Kingdom under Article 68 of the CBB Law. This draft resolution defines the required application processes and compliance standards for licensees, auditing firms, and law firms executing business transfers. Firms must submit written or electronic feedback, including nil responses, to the Financial Institutions Supervision Directorate by 26 January 2017.

BahrainCentral Bank of Bahrain

الملَفُّ التَّنْظِيمِيُّ لِمُؤسَّسَاتِ الْمَالِيَةِ Executive Director of Financial Institutions Supervision

Central Bank of Bahrain Logo مَرْكِزُ الْبَحْرَيْنِ المَركَزي Central Bank of Bahrain

EDFIS/C/061/2016
26th December 2016

Chief Executive Officer
All Investment Firm Licensees
All Auditing Firms
All Law Firms
Manama
Kingdom of Bahrain

Dear Sir/ Madam,

Re: Consultation paper on the Draft Resolution on Transfer of Business for Investment Firms

In accordance with Article 68 of the Central Bank of Bahrain and Financial Institutions Law of 2006 “CBB Law”, the Central Bank of Bahrain (“CBB”) would like to issue a regulation on the procedures for processing applications by investment firms for transferring their business in the Kingdom of Bahrain.

The consultation paper is available on the CBB website (www.cbb.gov.bh) under “Open Consultations” Section.

Your firm is kindly requested to review the above Resolution, and to provide the CBB with your comments, including ‘Nil comments’, in writing or electronically to the Acting Director of Financial Institutions Supervision Directorate, Mrs. Ebtsam Al Arrayed via email at earrayed@cbb.gov.bh and/or CBB Consultations Team at “consultation@cbb.gov.bh” by 26th January 2017.

Yours faithfully,
Abdul Rahman Al Baker

ص.ب: ٧٧، المنامة - مملكة البحرين
هاتف: (+973) 17056454 - فاكس: (+973) 17057005
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547312/305 - Fax: (+973) 1731115 Website: www.cbb.gov.bh E-mail: albaker@cbb.gov.bh

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations
1 obligation · 4 definitions
  • Obligation 1
  • Definition / condition 4
  • background, boilerplate

Lineage

The documents this one cites, and the documents that cite it.

Central Bank of Bahrain andFinancial Institutions Law of 200…Not in RegAlertCentral Bank of Bahrain and Financial Institutions Law of 2006 “CBB Law” — Not in RegAlertDraft Resolution on Transferof Business for Investment Fi…2017-01-26 · this documentDraft Resolution on Transfer of Business for Investment Firms – Volume 4 (2017-01-26)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under
  • Central Bank of Bahrain and Financial Institutions Law of 2006 “CBB Law”Not in RegAlert

    “In accordance with Article 68 of the Central Bank of Bahrain and Financial Institutions Law of 2006 “CBB Law””

Similar documents from other regulators

More like this from CBB

We email you every new CBB publication the day it's published.

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

In RegAlert: added · updated