ARTICLE · 19 FEBRUARY 2025
Legal Update: Licensing Conditions And Procedures For Trusteeship Activities
Our Associate Nawra Abdulla examines Bahrain's new regulatory framework for trustee licenses under Decision No. 43/2024, highlighting key provisions, governance standards, and compliance requirements...
BahrainFinance and Banking
Our Associate Nawra Abdulla examines Bahrain's new
regulatory framework for trustee licenses under Decision No.
43/2024, highlighting key provisions, governance standards, and
compliance requirements
The kingdom of Bahrain has recently introduced new conditions
in relation to trustee's license, marking a significant update
to the regulatory framework governing the trust services in the
kingdom. Decision No. 43/2024 provides a clear guideline for the
new requirements to obtain and maintain a license to operate as a
trustee in Bahrain. This decision outlines various categories of
licensed trustees, legal structures, governance requirements,
operational standards and capital requirements. This regulation
aims to ensure compliance with anti-money laundering and
anti-terrorism financing measures.
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