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  • Chapter 7 Chapter 7 Miscellaneous

    • Article 26

      Nothing in this Regulation shall affect the rights of Eligible Depositors and/or Investors 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.

    • Article 27

      All advertisements or other promotional publications issued by Conventional Banks and Islamic Banks in the Kingdom which contain an invitation to make deposits or open Unrestricted Investment Accounts with such Banks respectively and refer, directly or indirectly, to the Regulation Protecting Deposits and Unrestricted Investment Accounts hereunder, shall contain the following statement:

      "Deposits and Unrestricted Investment Accounts held with [name of retail Conventional Bank or Islamic Bank] in the Kingdom are covered by the Regulation Protecting Deposits and Unrestricted Investment Accounts issued by the Central Bank of Bahrain in accordance with Resolution No. (34) of 2010."

    • Article 28

      The provisions of Article 119 of the 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 this Regulation.

    • Article 29

      1) The Board shall make subsidiary rules for the enforcement of this Regulation.
      2) The Board shall be empowered to hear any dispute in relation to the application of this Regulation, without prejudicing the right of the person concerned to take judicial proceedings.

    • Article 30

      This Regulation shall not apply retrospectively to banks operating in the Kingdom which are already under administration or are being liquidated prior to the effective date hereof.