  
  
S/C/N/ 969 
16 October 2019  
(19-6743) Page: 1/2 
Council for Trade in Services  Original:  English  
 
  
 
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE  
GENERAL AGREEMENT ON TRADE IN SERVICES  
The following notification, dated  15 October 2019 , from the delegation of the Kingdom of Bahrain , 
is being circulated to Members of the Council for Trade in Services . 
 
_______________  
 
 
1  MEMB ER NOTIFYING : 
Kingdom of Bahrain  
2  NOTIFICATION UNDER : 
Article III:3 of the General Agreement on Trade in Services  
3  DATE OF ENTRY INTO FORCE : 
7 October 2015  
 
3.1  Duration:  
Indefinite  
 
4  AGENCY RESPONSIBLE FOR ENFORCEMENT OF THE MEASURE : 
Central Bank of Bahrain  
5  DESCRIPTION OF THE MEASURE : 
Legislative Decree No (34) of (2015) of partial amendments of the Central Bank of Bahrain law 
related to financial markets No (64) of (2006).  
 
The law aims to expand the width of authorities of the Central Bank of Bahrain in order to create a 
unified auditing authority to supervise the financial services sector in the Kingdom of Bahrain, 
especially those that are related to markets and financial securities.  
 
Additions:  
 
(Chapter 7: "Credit Information Centres  - CICs") which has been added to Part  (2) of the Central 
Bank of Bahrain and Financial Institutions Law No. (64) of (2006). The amendment regulates the 
establishment and operation of "credi t information centres – CICs" (i.e. financial institutions that, 
pursuant to a license issued by the CBB, receive, store, analyse and classify the Credit Information 
of Customers and issue Credit Reports based on the above), including inter alia  the provis ion of 
credit information to the CICs,  as well as the exchange of information with CICs operating outside 
the Kingdom of Bahrain.  
 S/C/N/9 69 
- 2 - 
  6  MEMB ERS SPECIFICALLY AFFECTED, IF ANY : 
None 
7  TEXTS AVAILABLE FROM : 
https://www.cbb.gov.bh/wp -content/uploads/2018/12/CBB -Law-Amendment -2015.pdf  
 
 
 
__________  