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  • Legal Basis

    • CP-A.1.4

      This Module sets out how the CBB now applies Resolution No. 3 of His Highness the Prime Minister dated 1st November 1993 (the "Resolution") in light of certain legislative and regulatory changes that have taken place since that date. It also contains a modified version of a Regulation issued by the Bahrain Monetary Agency by way of circular (OG/423/93) on 28th November 1993 (the "Regulation") in order to implement the Resolution. The Regulation (as modified) is currently effective by virtue of Article 188 (and Article 4) of the Central Bank of Bahrain and Financial Institutions Law 2006 ("CBB Law"). The Regulation is applicable to all Islamic bank licensees.

      Adopted: January 2011

    • CP-A.1.5

      For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1

      Adopted: January 2011