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  • General Prohibitions

    • LR-1.1.1

      No person may:

      (a) Undertake (or hold themselves out to undertake) regulated banking services within or from the Kingdom of Bahrain unless duly licensed by the CBB;
      (b) Hold themselves out to be licensed by the CBB unless they have as a matter of fact been so licensed; or
      (c) Market any financial services in the Kingdom of Bahrain unless:
      (i) Allowed to do by the terms of a license issued by the CBB;
      (ii) The activities come within the terms of an exemption granted by the CBB by way of a Directive; or
      (iii) Has obtained the express written permission of the CBB to offer financial services.
      Amended: January 2013
      Amended: October 2010
      October 2007

    • LR-1.1.1A

      In accordance with Resolution No.(16) for the year 2012 and for the purpose of Subparagraph LR-1.1.1(c), the word 'market' refers to any promotion, offering, announcement, advertising, broadcast or any other means of communication made for the purpose of inducing recipients to purchase or otherwise acquire financial services in return for monetary payment or some other form of valuable consideration.

      Added: January 2013

    • LR-1.1.1B

      Persons in breach of Subparagraph LR-1.1.1(c) are considered in breach of Resolution No.(16) for the year 2012 and are subject to penalties under Articles 129 and 161 of the CBB Law (see also Section EN-10.3).

      Added: January 2013

    • LR-1.1.2

      According to Article 41(a) of the CBB Law, only persons licensed to undertake regulated banking services (or regulated Islamic banking services), may use the term 'bank' in their corporate or trading names, or otherwise hold themselves out to be a bank.

      October 2007

    • LR-1.1.3

      Licensees are not obliged to include the word 'bank' in their corporate or trading names; however, they are required to make clear their regulatory status in their letter heads, customer communications, website and so on.

      Amended: July 2012
      October 2007

    • LR-1.1.4

      For the purposes of Rule LR-1.1.2, persons will be considered in breach of this requirement if they attempt to operate as, or incorporate a bank in Bahrain with a name containing the word "bank" (or the equivalents in any language), without holding the appropriate CBB license or obtaining the prior approval of the CBB.

      October 2007