OM-3.9.2

Past version: Effective from 01 Jul 2016 to 31 Dec 2016
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For a third party outsourcing of functions/services containing customer information, the service providers must be licensed by the CBB and located in Bahrain. If the outsourced service is not available in Bahrain after 30th June 2017, retail banks must submit to the CBB a written request, at least within 30 days of the stated deadline. The request must provide details of the circumstances under which the extension of outsourcing activities is being requested.

Added: July 2016