Central Bank of Bahrain

مصرف البحرين المركزي

---

OG/350/2024
12th December 2024

---

Chief Executive Officer
All Licensees
All Audit Firms
All Law Firms
Manama
Kingdom of Bahrain

---

Dear Sir/Madam,

Consultation: Proposed Netting Law

As part of the CBB’s objective in enhancing its regulatory framework, the CBB is proposing a “Netting Law”, which is based on the International Swaps and Derivatives Association’s (ISDA) Model Netting Act to supersede the Resolution No. (44) of 2014 with respect to promulgating a Regulation for Close-Out Netting under a Market Contract, issued by the CBB on 7 December 2014.

The CBB is issuing the proposed law for consultation and it will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

Licensees, 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 12th January 2024.

Yours faithfully,

Khalid Humaidan Governor

cc: Bahrain Association of Banks

---

هاتف: +٩٧٣ ١٧٥٤ ٧٥٠٠، +٩٧٣ ١٧٥٤ ٧٠٠٠، فاكس: +٩٧٣ ١٧٥٤ ٧٧٩٩، ص.ب. ٢٧، 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