RegAlert

Consultation · CBB · 16 Feb 2017

Proposed Netting Law 2017

securities

The Central Bank of Bahrain has issued a consultation notice proposing a new Netting Law to replace Resolution No. 44 of 2014 governing close-out netting under market contracts. The proposed legislation will supersede existing regulatory provisions and is currently available for public review on the regulator’s website. All licensed banks are required to submit their electronic feedback, including nil responses, directly to the designated consultation email by February 16, 2017.

BahrainCentral Bank of Bahrain

Executive Director - Banking Supervision

Central Bank of Bahrain

EDBS/KH/C/04/2017
26th January 2017

Chief Executive Officer

All Banks
Manama, Kingdom of Bahrain

Dear Sir,

Consultation: Proposed Netting Law

As part of the CBB’s objective in enhancing its regulatory framework, the CBB is proposing a “Netting Law” that shall replace and supersede Resolution No. (44) of 2014: With Respect to Promulgating a Regulation for Close-Out Netting under a Market Contract, issued by the CBB on December 7, 2014.

The proposed law shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

The CBB requests all banks to provide their comments, including ‘nil comments’ on this proposed law.

Responses must be sent electronically to “consultation@cbb.gov.bh”, by 16th February 2017.

Yours faithfully

Khalid Hamad

ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 17532605 - فاكس: (+973) 17547400 P.O. Box : 27, Manama - Kingdom of Bahrain Tel: (+973) 17547400 - Fax: (+973) 17532605 website: www.cbb.gov.bh E-mail: khalid.hamad@cbb.gov.bh

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

Resolution No. 44 dated 2014-12-07Not in RegAlertResolution No. 44 dated 2014-12-07 — Not in RegAlertProposed Netting Law 20172017-02-16 · this documentProposed Netting Law 2017 (2017-02-16)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Supersedes
  • Resolution No. 44 dated 2014-12-07Not in RegAlert

    “the CBB is proposing a “Netting Law” that shall replace and supersede Resolution No. (44) of 2014: With Respect to Promulgating a Regulation for Close-Out Netting under a Market Contract, issued by the CBB on December 7, 2014.”

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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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