RegAlert2023-10-19
Added · Updated
Proposed Amendments to the Takeovers, Mergers and Acquisitions Module (Module TMA)
The Central Bank of Bahrain proposes amendments to Section TMA-2.2 of its Takeovers, Mergers and Acquisitions Module to update independent advice and shareholder approval procedures. All CBB licensees, listed companies, and self-regulatory organisations must submit written feedback, including nil comments, in editable format by 19 October 2023. The regulator will publish the final amendments on its website after reviewing stakeholder responses.
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Central Bank of Bahrain
مَصْرِفُ الْبَحْرَيْنِ المَلَكِيّ
OG/331/2023
28th September 2023
Chief Executive Officer
All CBB Licensees
All Listed Companies
Self-Regulatory Organisation (SROs)
SRO Members
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
Consultation: Proposed Amendments to Takeovers, Mergers and Acquisitions Module (Module TMA)
As part of the CBB’s objective to further enhance its regulatory framework, the CBB is hereby proposing some amendments to Section TMA-2.2 “Independent Advice and Shareholder Approval” of the Takeover, Mergers and Acquisitions Module (Module TMA) under CBB Rulebook – Volume 6.
The proposed amendments are attached and will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.
The CBB requests you to provide your comments, including “nil comments” on the proposed amendments in an editable format to consultation@cbb.gov.bh by 19th October 2023.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: Law Firms
Audit Firms
هاتف: +973 1754 7000، فاكس: +973 1753 7799، ص.ب 27، المنامة، مملكة البحرين T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh
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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
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