EN-6.2A.5

Past version: Effective from 01 Oct 2010 to 31 Mar 2016
To view other versions open the versions tab on the right

In accordance with Article 129 of the CBB Law, the maximum financial penalty levied for failing to comply with date sensitive requirements is BD20,000. The CBB may opt to limit the amount of the financial penalty and use other enforcement measures as outlined in Module EN (Enforcement), such as imposing restrictions on a conventional bank license limiting the scope of operations.

Added: October 2010