OB-A.1 OB-A.1 Purpose
OB-A.1.1
This Module sets out the Central Bank of Bahrain's (CBB's) Directive relevant to
ancillary service providers providing either or both of the following regulated services defined in the Ancillary Services Authorisation Module of the CBB Rulebook Volume 5 in the Kingdom of Bahrain:(a) the provision ofaccount information services; or(b) the provision ofpayment initiation services. Added: December 2018OB-A.1.2
This Module should be read in conjunction with the requirements in other parts of the CBB Rulebook, Volume 5, applicable to
specialised licensees particularly:(c) Ancillary Service Providers Authorisation Module;(d) Principles of Business Module;(e) General Requirements Module;(f) CBB Reporting Requirements Module(g) Auditors and Accounting Standards Module;(h) Financial Crime Module; and(i) Enforcement Module.Added: December 2018Legal Basis
OB-A.1.3
This Module contains the CBB's Directive (as amended from time to time) applicable to
ancillary services providers undertakingaccount information services orpayment initiation services , and is issued under the powers available to the CBB under Article 38 of the CBB Law.Added: December 2018OB-A.1.4
For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.
Added: December 2018