Regulatory Alerts2022-06-13
Added · Updated
Draft Secured Transactions Law
The Central Bank of Bahrain has issued a consultation circular requesting stakeholder feedback on its revised draft Secured Transactions Law. All designated financial licensees, audit firms, and law firms must submit their comments, including nil responses, in an editable format to the regulator’s designated email address. Submissions are due by 13 June 2022, with the full draft available for review on the Central Bank’s official website.
Office of the Governor
OG/204/2022
23<sup>rd</sup> 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 13<sup>th</sup> 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
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