The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017.
Segregation of Client Money From Platform Operators
The Central Bank of Bahrain (CBB) has issued new guidelines which apply to operators of crowdfunding platforms for the first time since 2017, a statement from the central bank has said. The new regulations cover principles that govern the operations of a crowdfunding platform as well as the rules that apply to offers and disclosures made by a crowdfunding platform.
The new regulations, which are covered under the Crowdfunding Platform Operators Module (Module CFP), also address the “segregation of client money from platform operators and other measures to ensure safe operation of the activity.” Further, the new regulations compel the platform operators “to ensure [the] suitability of the products” that are b
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