Office of the Governor

OG/204/2022
23rd May 2022

---

Chief Executive Officer

All Banks
All Insurance Firms
All Investment Firm Licensees All Financing Company Licensees All Microfinance Institution Licensees All Audit Firms All Law Firms Manama Kingdom of Bahrain

---

Dear Sir/Madam,

Consultation: Draft Secured Transactions Law

Further to circular EDBS/KH/C/11/2021 with regards to the consultation on the Revised Draft Secured Transactions Law, the CBB has received from the Ministry of Justice, Islamic Affairs and Awqaf a revised draft of the Secured Transactions Law in the Kingdom of Bahrain.

The CBB is issuing this revised proposed draft for consultation which shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

All licensees to whom this circular is addressed, audit firms and law firms are requested to provide their comments, including “nil comments”, on the proposed law in an editable format to consultation@cbb.gov.bh by 13th June 2022.

Yours faithfully,

Rasheed M. Al-Maraj
Governor

cc: Bahrain Association of Banks

---

مصرف البحرين المركزي Central Bank of Bahrain

ص.ب: ٢٧، المنامة - مملكة البحرين هاتف: (+973) 17506700 - فاكس: (+973) 17537799 P.O. Box : 27, Manama - Kingdom of Bahrain Tel: (+973) 17547500 - Fax: (+973) 17537799 website: www.cbb.gov.bh E-mail: governor@cbb.gov.bh