Regulatory Alerts2017-01-26
Draft Resolution on Transfer of Business for Investment Firms – Volume 4
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.
Share