CP-2.6 CP-2.6 Other Provisions
CP-2.6.1
Save as otherwise set out above, nothing in this Module shall affect the rights of
Eligible account holders of a defaulting bank to claim the remaining proportion of their total claims as creditors in the liquidation of the defaulting bank, regardless of the basis on which such claim is made.October 2012CP-2.6.2
The provisions of Article 119 of the CBB Law relating to confidential information shall apply to all matters discussed, decisions reached and records kept by the Board in accordance with the terms of Regulation.
October 2012CP-2.6.3
The Board is entitled to make subsidiary rules for the proper and regular enforcement of the Regulation and must be empowered to hear any dispute in relation to the application of the Regulation, without prejudicing the right of the person concerned to take judicial proceedings.
October 2012CP-2.6.4
The Regulation does not apply retrospectively to banks operating in the Kingdom which are already under administration or are being liquidated prior to the effective date of the Regulation.
October 2012
