BAHRAIN: CBB Adopts Self-Regulation Model for Stock Exchanges

Wednesday March 7 2018

On 7^th March 2018, the Central Bank of Bahrain (CBB) issued the resolution No. (11) for the year 2018. This Resolution will implement a the Self-Regulatory Organization (SRO) model for Exchanges to comply with when they consider listing securities and financial instruments.

This Self-Regulatory model will place more responsibility on Exchanges to preform supervisory and regulatory functions.

Despite the resolution enhancing the supervisory powers of Exchanges the CBB will continue to review the public offering and listing requests concurrently with the licensed exchange, and will approve the registration of prospectuses.

The resolution is effective from 2^nd March 2018.

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