New oversight: Regulations covering the marketing of unauthorised financial services recently introducedOBGplus
The Central Bank of Bahrain and the Financial Institutions Law, 2006 (“CBB Law”), along with other rules and regulations issued by the Central Bank of Bahrain (CBB) from time to time govern and regulate the financial industry and the provision of financial services in Bahrain. As per Article 40 of the CBB Law, no person shall carry out regulated financial services unless appropriately licensed…