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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Specific Modules (By Type of Licensee) > Type 7: Ancillary Service Providers > Part A > High Level Standards > GR Ancillary Service Providers General Requirements Module > GR-11 Outsourcing > Customer Data Confidentiality > GR-11.1.20
  • Customer Data Confidentiality

    • GR-11.1.17

      LicenseesG must ensure that outsourcingG agreements comply with the CBB Law and the Personal Data Protection Law, issued on 19th July 2018.

      Added: December 2018

    • GR-11.1.18

      Licensees must ensure that the outsourcing providerG implements adequate safeguards and procedures.

      Added: December 2018

    • GR-11.1.19

      The implementation of adequate safeguards and procedures would include the proper segregation of customer data from those belonging to other clients of the outsourcing providerG . Ancillary service providersG should have contractual rights to take action against the service provider in the event of a breach of confidentiality.

      Added: December 2018

    • GR-11.1.20

      Ancillary service providerG licensees must ensure that they retain title under any outsourcingG agreements for data, information and records that form part of the prudential records of the firm.

      Added: December 2018

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