OM-3.9.2

Past version: Effective from 01 Oct 2017 to 30 Jun 2018
To view other versions open the versions tab on the right

For a third party outsourcing of functions/services containing customer information, other than debt collection, IT function, internal audit, cards embossing, cheques personalization and data/documents storing, 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, licensees 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.

Amended: October 2017
Amended: January 2017
Added: July 2016