Crowdfunding platform operators must hold client money, securities or other client assets, separate from its own and are not subject to any lien or other restrictions. Client money must be kept in a client bank account with a retail bank in the Kingdom of Bahrain. Licensees must designate a separate bank account (or sub-account) for each crowdfunding offer. Licensees must establish systems and controls for handling of securities, money or other assets, including maintaining up-to-date records of client assets held.
Added: April 2022