LR-B.1 LR-B.1 General Prohibitions
LR-B.1.1
The licensing requirements in Chapter LR-1 have general applicability, in that they prevent any person from providing (or seeking to provide)
regulated banking services within or from the Kingdom of Bahrain, unless they have been licensed as aconventional bank licensee by the BMA (see Rule LR-1.1.1).LR-B.1.2
In addition, no one may use the term 'bank' in their trading or corporate name, or otherwise hold themselves out to be a bank in Bahrain, unless they hold the appropriate license from BMA (see Rule LR-1.1.2).
LR-B.1.3
The Rules referred to above are supported by statutory restrictions contained in the BMA Law 1973 (cf. Articles 60 and 61).
