Regulatory Alerts2022-01-31
Added · Updated
Proposed Resolution Pursuant to Legislative Decree No. 22 of 2021 on the Execution Law in Civil and Commercial Matters
The Central Bank of Bahrain has issued a draft Resolution pursuant to Legislative Decree No. 22 of 2021 to implement the Execution Law in Civil and Commercial Matters across all licensed banks. Regulated entities must submit their feedback, including nil responses, in an editable format to the regulator’s consultation email by 31 January 2022. The proposed framework is publicly accessible on the CBB website and aims to strengthen Bahrain’s financial sector regulatory alignment.
Office of the Governor
Central Bank of Bahrain
OG/35/2022
20<sup>th</sup> January 2022
Chief Executive Officer
All Banks
Kingdom of Bahrain
Dear Sir/Madam,
Consultation: Proposed Resolution pursuant to Legislative Decree No. 22 for the year 2021 in relation to issuing the Execution Law in Civil and Commercial Matters
As part of the Central Bank of Bahrain’s (“CBB”) efforts to further develop the financial sector in the Kingdom of Bahrain, the CBB is issuing for consultation a draft Resolution pursuant to Legislative Decree No. 22 for the year 2021 in relation to issuing the Execution Law in Civil and Commercial Matters (copy attached).
The proposed Resolution is also available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.
The CBB requests all banks to submit their comments on this draft Resolution, including "nil comments", in an editable format to consultation@cbb.gov.bh by 31<sup>st</sup> January, 2022.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
Bahrain Association of Banks
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 17547500 - 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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