Executive Director - Banking Supervision

EDBS/KH/C/11/2021
25th March 2021

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Chief Executive Officers

All Licensees
All Audit Firms
All Law Firms
Manama
Kingdom of Bahrain

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Dear Sir/Madam,

Consultation Paper: Revised Draft Secured Transactions Law

Further to circular EDBS/KH/C/31/2020 with regards to the consultation on the Draft Secured Transactions Law, CBB has received from the Ministry of Justice, Islamic Affairs and Awqaf a revised draft of the Secured Transactions Law in the Kingdom of Bahrain.

CBB is issuing this revised proposed draft for consultation and shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

CBB requests all licensees, Audit firms and Law firms to provide their comments, including ‘nil comments’ on the proposed Law.

Responses must be sent electronically, in an editable format, to consultation@cbb.gov.bh by 22nd April 2021.

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Yours faithfully,
Khalid Hamad Al-Hamad

cc: Bahrain Association of Banks

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Central Bank of Bahrain

ص.ب : ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 17547400 - فاكس: (+973) 17532605
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