CFP-A.1.1

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This Module sets out the Central Bank of Bahrain’s (CBB) regulations applicable to financing-based and equity-based offers on crowdfunding platforms and to crowdfunding platform operators. Reward-based or donation-based crowdfunding models are excluded from the scope of this Module. The authorisation requirements for crowdfunding platform operators undertaking regulated ancillary services in the Kingdom of Bahrain are stipulated in the Authorisation Module (Module AU) of CBB Rulebook - Volume 5. Crowdfunding platform operators are also subject to ongoing provisions contained in this Module and the following modules of CBB Rulebook Volume 5:

(a) Common Modules: Principles of Business Module, Auditors and Accounting Standards Module, Financial Crime Module, Enforcement Module (Modules PB, AA, FC and EN)

(b) CBB Reporting Requirements Module (Module BR);

(c) General Requirements Module (Module GR); and

(d) High-Level Controls Module (Module HC).

Added: April 2022