• CBB Regulations and Resolutions

    • Resolution No. (54) of 2023 with Respect to Takeovers Mergers Acquisitions 1 Nov 2023

      Click here to download the Arabic version of Resolution No. (54) for the year 2023 in PDF format.

    • Resolution No. (39) of 2021 regarding the implementation of the Shari'a Standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions(AAOIFI)

      Click here to download the Arabic version of Resolution No. (39) for the year 2021 in PDF format.

    • Resolution No. (39) of 2021 With Regards To Applying Sharia Standard No. 61 Issued By AAOIFI

      Click here to download the Arabic version of Resolution No. (39) for the year 2021 in PDF format.

    • Resolution No. (22) of 2021 regarding the timeline of implementation of the Wage Protection System

      Click here to download the Arabic version of Resolution No. (22) for the year 2021 in PDF format.

    • Resolution No. (16) of 2021 with respect to promulgating the Regulation Pertaining to Control in Banks

      Click here to download the Arabic version of Resolution No. (16) for the year 2021 in PDF format.

    • Resolution No. (15) of 2021 with regards implementing Sharia Standard No. 59 issued by AAOFI

      Click here to download the Arabic version of Resolution No. (15) for the year 2021 in PDF format.

    • Resolution No. (14) of 2021 amending Article 1 of Resolution No.18 of 2020 with regards to the standards governing transactions subject to Islamic Sharia principles

      Click here to download the Arabic version of Resolution No. (14) for the year 2021 in PDF format.

    • Resolution No. (23) of 2021 to add a new paragraph to Article 2 of Resolution No. 68 of 2019 regarding the Wage Protection System

      Click here to download the Arabic version of Resolution No. (23) for the year 2021 in PDF format.

    • Resolution No. (23) of 2021 to add a new paragraph to Article 2 of Resolution No. 68 of 2019 regarding the Wage Protection System

      Click here to download the Arabic version of Resolution No. (23) for the year 2021 in PDF format.

    • Resolution No. (22) of 2021 regarding the timeline of implementation of the Wage Protection System

      Click here to download the Arabic version of Resolution No. (22) for the year 2021 in PDF format.

    • Resolution No. (18) of 2020 Standards governing transactions subject to the provisions of Islamic Sharia

      Click here to download the Arabic version of Resolution No. (18) for the year 2020 in PDF format.

    • Resolution No. (12) of 2020 in respect of amending some of the provisions of the Regulated Services Regulation No. (1) of 2007

      Click here to download the Arabic version of Resolution No. (12) for the year 2020 in PDF format.

    • Resolution No. (13) of 2020 with respect to regulating Electronic Cheques

      Click here to download the Arabic version of Resolution No. (13) for the year 2020 in PDF format.

    • Resolution No. (28) of 2019 amending some of the provisions of the Regulated Services Regulation No. 1 of 2007

      Click here to download the Arabic version of Resolution No. (28) for the year 2019 in PDF format.

    • Resolution No. (1) of 2019 with respect to Amending Resolution No. (1) of 2007 – Fees Regulation

      Click here to download the Arabic version of Resolution No. (1) for the year 2007in PDF format.

    • Resolution no. (33) of 2018 regarding the conditions and licensing procedures of undertaking trustee services.

      Click here to download the Arabic version of Resolution No. (33) for the year 2018 in PDF format.

    • Resolution no. (32) of 2018 amending some provisions of Regulation No (1) of 2007 with respect to the Central Bank of Bahrain's regulated services

      Click here to download the Arabic version of Resolution No. (32) for the year 2018 in PDF format.

    • Resolution No. (19) of 2018 Regarding the Regulation of the Activity of Off-Plan Sale Projects’ Escrow Account Manager

      Click here to download the Arabic version of Resolution No. (19) for the year 2018 in PDF format.

    • Resolution no. (1) of 2018 amending certain provisions of Resolution (40) of 2016 specifying the fees applicable for registering trusts and licensing trustees.

      Click here to download the Arabic version of Resolution No. (1) for the year 2018 in PDF format.

    • Resolution no. (1) of 2017 specifying the fees applicable on a request to establish a Protected Cell Company or the conversion of an existing company to a Protected Cell Company (Arabic)

      Click here to download the Arabic version of Resolution No. (1) for the year 2017 in PDF format.

    • Resolution no. (12) of 2017 with respect to the conditions that must exist in the General Partner in Investment Limited Partnerships (Arabic)

      Click here to download the Arabic version of Resolution No. (12) for the year 2017 in PDF format.

    • Resolution no. (13) of 2017 with respect to the conditions of obtaining CBB approval for the establishment of Investment Limited Partnerships (Arabic)

      Click here to download the Arabic version of Resolution No. (13) for the year 2017 in PDF format.

    • Resolution No. (29) of 2017 Transfer of Investment Business

      Click here to download the Arabic version of Resolution No. (29) for the year 2017 in PDF format.

    • Resolution no. (31) of 2017 regarding the documents and information required to register the Trust or any subsequent amendments to the Trust.

      Click here to download the Arabic version of Resolution No. (31) of the year 2017 in PDF format.

    • Resolution no. (32) of 2017 regarding the conditions and procedure for establishing a Protected Cell Company and its cells or converting an existing company to a Protected Cell Company (Arabic)

      Click here to download the Arabic version of Resolution No. (32) for the year 2017 in PDF format.

    • Resolution no. (33) of 2017 regarding the paid up capital and shares of the core and cells of a Protected Cell Company (Arabic)

      Click here to download the Arabic version of Resolution No. (33) for the year 2017 in PDF format.

    • Resolution No. (38) of 2017

      Click here to download the Arabic version of Resolution No. (38) for the year 2017 in PDF format.

    • Resolution No. (20) of 2016 relating to the administration of Real Estate Development Escrow account Agents (Arabic)

      Click here to download the Arabic version of Resolution No. (20) for the year 2016 in PDF format.

    • Resolution No. (3) of the year 2016 regarding the appointment of the Centralised Shari'a Supervisory Board

      Click here to download Resolution No. (3) for the year 2016 in PDF format.

    • Resolution No. (27) of 2015 with respect to promulgating the regulations governing control in Investment Firm licensees and Insurance licensees according to the provisions of the Central Bank of Bahrain and Financial Institutions Law

      Click here to download the Arabic version of Resolution No. (27) for the year 2015 in PDF format.

    • Resolution No. (28) of 2015 with respect to regulating the role of the account manager of the real estate development project (Arabic)

      Click here to download Resolution No. (28) of the year 2015 in PDF format.

    • Resolution No. (23) of 2015 with respect to the Conditions and Procedures for Obtaining Approval for Board Membership or Controlled Functions within Licensees (Arabic)

      Click here to download the Arabic version of Resolution No. (23) for the year 2015 in PDF format.

    • Resolution No. (20) for the year 2015 in Respect of the Establishment of a Centralised Shari'a Supervisory Board

      Click here to download Resolution No. (20) for the year 2015 in PDF format.

    • Resolution No. (44) of 2014: With Respect to Promulgating a Regulation for Close-Out Netting under a Market Contract

      Click here to download Resolution No. (44) of 2014 in PDF format.

    • Resolution No. (20) of 2013 with respect to: Amending Resolution No. (27) of 2012 with respect to the Review of Penalties and Administrative Measures the Central Bank of Bahrain may impose upon licensees (Arabic)

      Click here to download the Arabic Version of Resolution No. (20) of the year 2013 in PDF format.

    • Resolution No. (17) of 2012 with respect to Rules and Regulations for Enlisting and Trading of Financial Papers and Instruments in Capital Markets Licensed by the CBB

      Click here to download the Arabic version of Resolution No. (17) for the year 2012 in PDF format.

    • Resolution No. (17) of 2012 with respect to the rules and regulations for Enlisting and Trading of Financial Papers and Instruments in the Capital Markets

      Click here to download Resolution No. (17) of 2012 in PDF format.

    • Resolution No. (33) of 2012 with respect to: Publishing the Regulations to determine the deciding procedures on Banks Applications to Transfer Banking Transactions in the Kingdom of Bahrain

      Click here to download the English Version of Resolution No. (33) of the year 2012 in PDF format.

      Click here to download the Arabic Version of Resolution No. (33) of the year 2012 in PDF format.

    • Resolution No. (27) of 2012 with respect to: The Review of Penalties and Administrative Measures the Central Bank of Bahrain may impose upon licensees

      Click here to download the English Version of Resolution No. (27) of the year 2012 in PDF format.

      Click here to download the Arabic Version of Resolution No. (27) of the year 2012 in PDF format.

    • Resolution No. (16) of 2012 with respect to prohibiting the marketing of Financial Services in the Kingdom of Bahrain

      Click here to download Resolution No. (16) for the year 2012 in PDF format.

    • Resolution No. (59) of 2011 with respect to Registration of Pledges and Liens on Securities and Discharge and Lifting

      Click here to download the Arabic version of Resolution No. (59) for the year 2011 in PDF format.

    • Resolution No. (59) of 2011 with respect to regulations Governing Mortgage and Attachement of Securities, Extinguishment and Lifting the Attachment Thereon

      Click here to download Resolution No. (59) of 2011 in PDF format.

    • Resolution No. (43) of 2011: Issuing a Regulation on the Conditions of granting a License for the Provision of Regulated Services

      Click here to download Resolution No. (43) of 2011 in PDF format.

    • Resolution No. (17) for the year 2011 with respect to the establishment of the Deposit and Unrestricted Investment Accounts Protection Board (the Board)

      Click here to download Resolution No. (17) for the year 2011 in PDF format.

    • Resolution No. (43) of 2010 with respect to amending Resolution No. (1) of the year 2007 – Regulated Services

      Click here to download the Arabic version of Resolution No. (43) for the year 2010 in PDF format.

    • Resolution No. (43) of 2010 with Respect to Amending Schedule No. (1) of 2007 with Respect to Service Subject to the Supervision of the Central Bank of Bahrain

      Click here to download Resolution No. (43) of 2010 in PDF format.

    • Resolution No. (34) for the year 2010 with respect to promulgating a Regulation Protecting Deposits and Unrestricted Investment Accounts (Arabic)

      Click here to download the Arabic version of Resolution No. (34) for the year 2010 in PDF format.

    • Resolution No. (34) for the year 2010 with respect to promulgating a Regulation Protecting Deposits and Unrestricted Investment Accounts (English)

      Click here to download the English version of Resolution No. (34) for the year 2010 in PDF format.

      The Chairman of the Board of Directors of the Central Bank of Bahrain:

      After reviewing Law No. (64) of 2006 issuing the Central Bank of Bahrain & Financial Institutions Law particularly Article 177 thereof,

      And upon the proposal of the Governor of the Central Bank of Bahrain,

      Resolve:

      • Article 1

        The provisions of the attached regulation shall be enacted in respect of the regulation protecting Deposits and Unrestricted Investment Accounts.

      • Article 2

        This Resolution shall replace any scheme, regulation or resolution in force prior to its enactment.

      • Article 3

        This Resolution, the appended Regulation and Schedules shall be published in the Official Gazette, and shall come into effect on the day following its date of publication.

        Qassim Mohammed Fakhro
        Chairman of the Board of Directors of the Central Bank of Bahrain

        Issued on: 22 Muharram 1432 H
        Corresponding to: 28 December 2010

      • Regulation in respect of protecting Deposits and Unrestricted Investment Accounts

        • Chapter 1 Chapter 1

          • Article 1 Definitions

            In implementing the provisions of this Regulation, the following terms and expressions shall have the meanings assigned to them unless the context otherwise requires:

            Kingdom means the Kingdom of Bahrain.

            Government means the Government of the Kingdom of Bahrain.

            Law means Central Bank of Bahrain & Financial Institutions Law ("CBB Law") promulgated by Law No. (64) of 2006.

            CBB means the Central Bank of Bahrain.

            Governor means the Governor of the Central Bank of Bahrain.

            Board means the Deposit and Unrestricted Investment Accounts Protection Board.

            Bank means Conventional Bank or Islamic Bank.

            Fund means Conventional Fund or Islamic Fund.

            Conventional Banks Fund means the protection fund referred to under Article 14(1) of this Regulation.

            Islamic Banks Fund means the protection fund referred to under Article 14(2) of this Regulation.

            Deposit Account: means the account that is defined being a deposit in accordance with the Central Bank of Bahrain Resolution No. 23 of 2009 in respect of Definition of Deposit.

            Conventional Bank means a retail bank operating in the Kingdom and licensed by the CBB to operate on a conventional banking basis.

            Islamic Bank means a retail bank operating in the Kingdom and licensed by the CBB to operate on a Shari'a-compliant banking basis.

            Eligible Depositor/ Investor means any natural person, (resident or non-resident), holding an Eligible Account(s) with a Conventional Bank or an Islamic Bank in the Kingdom. It does not include Deposits and Unrestricted Investments Accounts held with a Conventional and/or an Islamic Bank's foreign branches operating outside the Kingdom.

            Eligible Account(s) means any Deposit Account and Unrestricted Investment Accounts, and any other deposits or accounts similar in nature and which have similar characteristics which are approved by the CBB, regardless of currency, with the exception of bearer certificates of deposit.

            Lead Mandated Bank means the bank appointed by the Deposit and Unrestricted Investment Accounts Protection Board to administer the procedures to make compensation payments referred to in Chapter 6 of this Regulation.

            Mandated Bank(s) means such other banks mandated by the Lead Mandated Bank to assist and/ or participate in the processing of compensation payments referred to in Chapter 6 of this Regulation.

        • Chapter 2 Chapter 2 Deposit and Unrestricted Investment Accounts Protection Board

          • Article 2

            There shall be established by the CBB a Board named the "Deposit and Unrestricted Investment Accounts Protection Board" which shall be responsible for the protection of Eligible Accounts in accordance with the provisions of this Regulation, including determining:

            1) What contributions Banks should make to the Conventional Fund and Islamic Fund respectively;
            2) The amounts of compensation to be paid out to Eligible Depositors and/or Investors in accordance with this Regulation; and
            3) Any additional rules under which the Board will operate.

          • Article 3

            The Board shall consist of eleven persons appointed by the Governor, whose period of membership shall be for a three year renewable period:

            1) two representatives of the CBB, one of whom shall be Chairman and the other the Deputy Chairman of the Board;
            2) four representatives of retail banks in the Kingdom, who shall be appointed by the Governor;
            3) two representatives of Government, the first representing the Ministry of Finance, the second representing the Ministry of Industry & Commerce, both of whom shall be nominated by their respective Ministers; and
            4) three independent persons, not from the above categories, appointed by the Governor.

            The Board shall administer the two Funds established in accordance with Article 13 of this Regulation, and shall be responsible for all decision-making and accounting treatment in respect of the two Funds. No liability shall be assumed by the CBB resulting from the management of the Board of the two Funds.

          • Article 4

            The Board shall commence its responsibilities by following the compensation process for the Eligible Depositors and/or Investors upon:

            1) Any Bank being put under administration by the CBB, or
            2) Any Bank being put into liquidation

            in each case, such Bank hereinafter referred to as a "defaulting bank".

        • Chapter 3 Chapter 3 Eligibility

          • Article 5

            This Regulation shall apply to Eligible Accounts held at any Conventional Bank or Islamic Bank operating in the Kingdom.

          • Article 6

            Without prejudice to the provisions of Article 5 of this Regulation, the Board may, at its discretion, exclude (in whole or in part) the following:

            1) compensation payments to any Eligible Depositor and/or Investor of the defaulting bank who are entitled to claim in a similar scheme established in another jurisdiction.
            2) the requirement to contribute to the concerned Fund by any Bank in the Kingdom whose Eligible Accounts are (in whole or in part) covered by a similar scheme established in another jurisdiction, provided that evidence of such coverage is provided to the Board to its satisfaction.

          • Article 7

            This Regulation seeks to protect Eligible Depositors and/or Investors only.

            The Board may, upon the approval of the CBB, vary the upper limit of amounts constituting Eligible Accounts covered under this regulation at any time. The Board will pay due regard to the size of the concerned Fund when setting the limits described above.

          • Article 8

            Without prejudice to the provisions of Article 7 of this Regulation, this Regulation shall not apply to:

            1) Accounts of shareholders with 10% or more shareholding (ordinary or preference), board members and senior managers of the defaulting bank.
            2) Accounts of persons whose identity cannot be ascertained.
            3) Accounts which, in the opinion of the Board, include amounts that have been illegally gained or obtained by illicit or dubious means.

        • Chapter 4 Chapter 4 Coverage

          • Article 9

            1) Each Eligible Depositor and/or Investor shall be entitled under this Regulation to claim an amount equivalent to the amount deposited and/or invested by him in an Eligible Account, provided that any holders of Unrestricted Investment Accounts at the Islamic banks shall have the right by virtue of Sharia' to make such claim in accordance with the decision of the defaulting bank's Sharia' supervisory board, save that no Eligible Depositor and/or Investor shall be entitled to receive more than BD20,000 (Twenty Thousand Bahraini Dinars) from the total amount of his Eligible Accounts held with the defaulting bank regardless of the number of accounts and their currency. Other currencies shall be converted into Bahraini Dinars at the exchange rate on the date on which the CBB determines a bank is a defaulting bank.
            2) In calculating the amount payable to an Eligible Depositor and/or Investor, the Board shall have the right to set-off the debts of the Eligible Depositor and/or Investor with the defaulting bank and deduct any expenses incurred by the Board in paying out such amounts.

          • Article 10

            A joint Eligible Account shall be treated as a single Eligible Account

          • Article 11

            If the Board is satisfied that a person is a trustee of an Eligible Account with a defaulting bank, and that the beneficial owner of any such account has no other Eligible Accounts with the defaulting bank, the Board shall deem such beneficial owner as a separate Eligible Depositor and/or Investor. However, in the event that a beneficial owner of any of such Eligible Accounts held in the name of the trustee is the same owner of other Eligible Accounts at the defaulting bank, such accounts, including the account(s) registered in the name of trustee, shall be treated as a single Eligible Account.

          • Article 12

            No transfer of any part of an Eligible Account shall be considered valid if, in the opinion of the Board, the purpose of such transfer is to enable any person, including an Eligible Depositor and/or Investor, to gain an advantage that is not permitted or intended by this Regulation.

        • Chapter 5 Chapter 5 The Deposits and Unrestricted Investment Accounts Protection Funds

          • Article 13

            For the purpose of this Regulation, the Board shall form and administer two separate funds referred to as the Conventional Banks Fund and the Islamic Banks Fund. Each Fund shall constitute a separate legal entity and shall have an independent balance sheet from the CBB.

          • Article 14

            1) Conventional Banks shall collectively contribute an initial aggregate amount of BD60 million (Sixty Million Bahraini Dinars) over a period of fifteen years and title to such monies once contributed shall legally belong to the Conventional Banks Fund.
            2) Islamic Banks shall collectively contribute an initial aggregate amount of BD20 million (Twenty Million Bahraini Dinars) over a period of fifteen years and title to such monies once contributed shall legally belong to the Islamic Banks Fund.
            3) The Board is required to periodically assess the size of the Conventional Fund and Islamic Fund in relation to liabilities to be covered and, where appropriate, make recommendations to the CBB for increasing or decreasing the amounts of the Conventional Fund and Islamic Fund.

            No such adjustments to the aggregate amount (BD Eighty Million Bahraini Dinars for both Funds) shall be made without the express approval of the CBB.

          • Article 15

            1) The contribution of each Conventional Bank or Islamic Bank in the total amount of the respective Funds shall be determined on an annual pro-rata basis of the total Eligible Accounts of all Conventional Banks and Islamic Banks in the Kingdom. The CBB shall provide the Board with the necessary data to allow it to determine the amounts of contributions each Conventional Bank or Islamic Bank shall make. The Board may allow the Conventional Bank or Islamic Banks to make its contribution in the form of monthly instalments which shall be charged against the profit & loss account of these Banks.
            2) No contribution (or part thereof) shall be refundable to a Conventional Bank or Islamic Bank in any circumstance.

          • Article 16

            Conventional Banks and Islamic Banks shall pay the contributions referred to in Article 15 above within the periods specified by the Board. Each Conventional Bank or Islamic Bank shall be notified of the amount of its calculated contribution as well as the date of payment thereof.

            In the event of failure of any Conventional Bank or Islamic Bank in the payment of the full contribution during the periods specified by the Board, the CBB may take disciplinary action against that Bank, including the imposition of administrative fines in accordance with Article 129 of the Law and, in cases of repeated violation, withdrawal of the licence granted by the CBB.

          • Article 17

            In the event that a new Conventional Bank or Islamic Bank joins a Fund during any year, the Board may determine the contribution of that Bank to the Fund on the basis of the minimum payment made by other participating banks during that year for the remaining period of the year after dividing the full contribution amount over the number of months of a year. At the beginning of the following year, there will be an assessment of that Bank's contribution based on the size of its Eligible Accounts base.

          • Article 18

            The Board shall determine the investment policy of the Funds and the CBB shall be responsible for implementing such policy without receiving any commission or charges in return. Investments made from the Islamic Fund must comply with Islamic Shari'a principles and be under the supervision of the CBB's Sharia' Board.

        • Chapter 6 Chapter 6 Procedure for Making Claims

          • Article 19

            1) Upon the Board decision to follow the compensation process in accordance with Article 4 of this Regulation, the Board shall calculate the total amount of compensation payable hereunder to each Eligible Depositor and/or Investor of the defaulting bank. The total amount of compensation payable shall be remitted to the Bank(s) designated by the Board to act as a Lead Mandated Bank and/ or Mandated Bank(s) for processing compensation payments to Eligible Depositors and/or Investors of the defaulting bank.
            2) In the event of the amounts of the concerned Fund being insufficient to cover the total compensation payable in accordance with this Regulation, the Board may cover the shortfall by borrowing or arranging Sharia'-compliant financing in case of the Islamic Fund (upon such terms and conditions as it considers appropriate) and such borrowings and financing facilities shall be reimbursed by future contributions from the Conventional Banks or Islamic Banks as the case maybe.

          • Article 20

            Following the completion of the calculations referred to in Article 19 above, the Lead Mandated Bank and/ or Mandated Bank(s) shall pay, into a special account to be held by it/them, the total amount allocated to compensate the Eligible Depositors and/or Investors with the defaulting bank.

          • Article 21

            1) Upon receipt by the Board of confirmation from the Lead Mandated Bank that the requirements of Articles 19 and 20 of this Regulation have been satisfied, the Board shall send to each Eligible Depositor and/or Investor a certificate in substantially the form set out in the First Schedule appended to this Regulation, informing each Eligible Depositor and/or Investor of the amount of compensation due to him/her hereunder in respect of his/her Eligible Account(s) with the defaulting bank.
            2) The certificate referred to in sub-Article (1) above, shall also contain instructions as to the method by which, and time within which, the compensatory amount referred to therein may be collected by the Eligible Depositor and/or Investor from the Lead Mandated Bank or Mandated Bank(s). No amounts of compensation shall be payable hereunder after the expiry of the period referred to in such certificate, which period shall not be more than 12 months.

          • Article 22

            When the "Customer Acknowledgment and Waiver" referred to in the Second Schedule appended to this Regulation is signed by an Eligible Depositor and/or Investor, it shall constitute a waiver of any claims he (or his successors or assigns) may wish to make against the Lead Mandated Bank and/ or the Mandated Bank(s) and/or the Board in the future in respect of the amount being paid to him, and, a waiver to the Board of all his rights and interests to related to that proportion of his claim against the defaulting bank.

            Upon receipt of the signed Customer Acknowledgment and Waiver from an Eligible Depositor and/or Investor, the Lead Mandated Bank and/ or the Mandated Bank(s) shall pay the amount referred to in the certificate to such Eligible Depositor and/or Investor.

          • Article 23

            Once an Eligible Depositor and/or Investor has waived his right to claim against the defaulting bank to the Board (pursuant to the Customer Acknowledgment and Waiver referred to above), no Bank may deny the rights of the Board to recover the debt so waived by way of action against the bank in liquidation.

          • Article 24

            The Lead Mandated Bank shall reimburse the concerned Fund for any excess monies it has received during the mandate period.

          • Article 25

            The liquidator of the defaulting bank shall, in making any payments to Eligible Depositors and/or Investors thereof in liquidation of such Bank, be responsible for ensuring that Eligible Depositors and/or Investors shall not receive any payments in liquidation for any amount that constitutes a duplicate reimbursement that they have been compensated in accordance with the terms of this Regulation.

        • 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.

      • FIRST SCHEDULE The Deposits and Unrestricted Investment Accounts Protection Board Form of Certificate to Eligible Depositors and/or Investors

        Re: [Name of the defaulting bank ] ("the defaulting bank")

        This is to confirm that:

        The balance on Account No. [ ], or
        The combined balance on the following Account Nos.
        Account No. [ ]
        Account No. [ ]
        Account No. [ ]
        Account No. [ ]

        in the name of [ ], with the last recorded address on the files of the defaulting bank being [ ], is:

        Amount in Numbers: BD (or BD equivalent) [ ]
        Amount in Words: Bahraini Dinars (or Bahraini Dinars equivalent) [ ]

        That the above named person is an Eligible Depositor and/or Investor and is entitled to the following amount under the Regulation Protecting the Deposits and Unrestricted Investment Accounts in the Kingdom of Bahrain, issued by Resolution of the Board of Directors of the Central Bank of Bahrain No. [34] of [2010] :

        Amount in Numbers: BD [ ]
        Amount in Words: Bahraini Dinars [ ]

        This amount will be reimbursed to the above named Eligible Depositor and/or Investor by [name and address of mandated bank] ("the lead mandated bank") between [ ] and [ ], during normal business hours, upon the presentation and execution of the appended assignment.

        Signed: _____________________________________________
        [Name of Chairman of the Deposits and Unrestricted Investment Accounts Protection Board or other Member of the Deposits and Unrestricted Investment Accounts Protection Board]
        for and on behalf of the Deposits and Unrestricted Investment Accounts Protection Board

      • SECOND SCHEDULE The Deposits and Unrestricted Investment Accounts Protection Board Customer Acknowledgement and Waiver

        I, [ ], the undersigned, born on [ ], with [ ] nationality and currently residing at [ ]

        Being a creditor/ agent or representative of a creditor/an assignee of an original creditor (delete as inapplicable) of the defaulting bank for an amount of BD [ ], acknowledge receipt from the [lead] mandated bank of a cheque, drawn on the [lead] mandated bank and dated [ ], in the amount of BD [ ], being the full amount of compensation due to me as an Eligible Depositor and/or Investor under the Regulation Protecting the Deposits and Unrestricted Investment Accounts issued pursuant to Resolution No. (34) of 2010.

        I hereby unconditionally and irrevocably waive all my rights, benefits and privileges of any type whatsoever and howsoever occurring against the [lead] mandated bank and the Deposits and Unrestricted Investment Accounts Protection Board up to the amount of BD [amount of the above cheque], being the amount of a cheque the receipt of which I hereby acknowledge and confirm from the [lead] mandated bank.

        I further unconditionally and irrevocably agree and confirm:

        (i) that the waiver contained herein shall be effective immediately and without any further action being required to be taken by myself and/or the [lead] mandated bank and/or the Deposits and Unrestricted Investment Accounts Protection Board;
        (ii) that all my rights against [defaulting bank] in respect of the amount being paid to me under the Regulation Protecting the Deposits and Unrestricted Investment Accounts are hereby waived to the benefit of the Deposits and Unrestricted Investment Accounts Protection Board and they may seek recovery of these amounts from [defaulting bank]; and
        (iii) I will do, or cause to be done, any additional act which may be necessary to make this waiver effective in, or transferable under, the law.

        I confirm that I have surrendered to the [lead] mandated bank, all unused cheques and all bank/credit cards issued by the [defaulting bank] in my possession.

        Signature: _________________________
        Date: _________________________

        Identity Card No./Passport No. of signatory:
        __________________________________

        Evidence of authority of signatory (if appropriate): ________________

        Witness No. 1: ______________________
        Identity Card No.//Passport No: ______________________

        Witness No. 2: ______________________
        Identity Card No.//Passport No: ______________________

    • Resolution No. (26) of 2010 with respect to amending Resolution No. (1) of the year 2007 - determining Fees Categories

      Click here to download the Arabic version of Resolution No. (26) for the year 2010 in PDF format.

    • Resolution No. (26) of 2010 re amending resolution (1) 2007 - Determining Fees

      Click here to download Resolution No. (26) of 2010 in PDF format.

    • Resolution No. (9) for the year 2010 with respect to Amending Resolution No. (1) of 2007 — Regulated Services

      Click here to download the English Version of Resolution No. (9) of the year 2010 in PDF format.

      Click here to download the Arabic Version of Resolution No. (9) of the year 2010 in PDF format.

    • Resolution No. (33) of 2009 publishing the regulations to Organise Licencees Deposits with the CBB

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    • Resolution No. (33) of 2009 with respect to Publishing the Regulations to Organise licensees deposits with the Central Bank of Bahrain

      Click here to download the Arabic version of Resolution No. (33) for the year 2009 in PDF format.

    • Resolution No. (23) of 2009 with respect to Definition of Deposits

      Click here to download the Arabic version of Resolution No. (23) for the year 2009 in PDF format.

    • Resolution No. (23) of 2009 in respect of Definition of Deposit

      Click here to download Resolution No. (23) of 2009 in PDF format.

    • Resolution No. (15) for the year 2009 with respect to promulgating the Regulation of determining the Deciding Procedures on Business Transfer Applications of licensees permitted to pursue Insurance Business in the Kingdom of Bahrain

      Click here to download the English Version of Resolution No. (15) of the year 2009 in PDF format.

      Click here to download the Arabic Version of Resolution No. (15) of the year 2009 in PDF format.

    • Resolution No. (14) of 2009 with respect to amending Resolution No. (1) of the year 2007 - determining Fees Categories

      Click here to download the Arabic version of Resolution No. (14) for the year 2009 in PDF format.

    • Resolution No. (11) for the year 2009 with respect to Publication of the Regulations Concerning Conditions and Procedures of Registration in the Register of Insurance Experts, Brokers and Insurance companies Representatives

      Click here to download the English Version of Resolution No. (11) of the year 2009 in PDF format.

      Click here to download the Arabic Version of Resolution No. (11) of the year 2009 in PDF format.

    • Resolution No. (31) of 2008 With Respect to Promulgating the Regulations Governing Bank Control According to the Provisions of the CBB Law 2006

      Click here to download Resolution No. (31) of 2008 in PDF format.

    • Resolution No. (31) of 2008 with respect to Promulgating the Regulation of Control in Banks

      Click here to download the Arabic version of Resolution No. (31) for the year 2008 in PDF format.

    • Resolution No. (28) of 2008 with respect to Promulgating the Model Form of Constitution of the Professional Associations

      Click here to download the Arabic version of Resolution No. (28) for the year 2008 in PDF format.

    • Resolution No. (28) of 2008 with respect to Promulgating the Model Form of Constitution of Professional Associations Subject to the CBB Law

      Click here to download Resolution No. (28) of 2008 in PDF format.

    • Resolution No. (27) of 2008 with respect to Promulgating the Regulation of the Professional Associations

      Click here to download the Arabic version of Resolution No. (27) for the year 2008 in PDF format.

    • Resolution No. (27) of 2008 Promulgating the Regulations of the Professional Associations Subject to the CBB Law

      Click here to download Resolution No. (27) of 2008 in PDF format.

    • Resolution No. (49) of 2007 with respect to Disclosure of financial statements and Board of Directors meetings of listed Joint Stock companies

      Click here to download the Arabic version of Resolution No. (49) for the year 2007 in PDF format.

    • Resolution No. (1) of 2007 with respect to determining Fees Categories due for licensees and services provided by Central Bank of Bahrain

      Click here to download the Arabic version of Resolution No. (1) for the year 2007 in PDF format.

    • Resolution No. (1) of 2007 re Fees for Licences

      Click here to download Resolution No. (43) of 2011 in PDF format.

    • Resolution No. (1) of 2007 services subject to the supervision of CBB

      Click here to download Resolution No. (1) of 2007 in PDF format.

    • Regulation No. (1) of 2007 with respect to Services Regulated by the Central Bank of Bahrain

      Click here to download the Arabic version of Resolution No. (1) for the year 2007 in PDF format.