TC-B.1 TC-B.1 Scope
TC-B.1.1
This Module applies to all CBB
conventional bank licensees authorised in the Kingdom. It covers the training and competency requirements for staff occupyingcontrolled functions (See Chapter TC-1).October 2013TC-B.1.2
Module TC, unless otherwise stated, applies in full to both retail and wholesale
conventional bank licensees licensed in Bahrain. In the case of anoverseas conventional bank licensee , the application of this Module is restricted to its Bahrain operations.October 2013TC-B.1.3
Persons authorised by the CBB as
approved persons prior to the issuance of Module TC need not reapply for authorisation.October 2013TC-B.1.4
The requirements of this Module apply to
approved persons holdingcontrolled functions , including board members, in connection with theconventional bank licensee's regulated banking services , or under a contract of service.Amended: July 2014
October 2013TC-B.1.5
In the case of outsourcing arrangements, the
conventional bank licensee should refer to the competency requirements, outlined in Appendix TC-1 forcontrolled functions , for assessing the suitability of theoutsourcing provider .October 2013TC-B.1.6
Conventional bank licensees must satisfy the CBB that individuals performing acontrolled function for it or on its behalf are suitable and competent to carry on thatcontrolled function .October 2013TC-B.1.7
In implementing this Module,
conventional bank licensees must ensure that individuals recruited to performcontrolled functions :(a) Hold suitable qualifications and experience appropriate to the nature of the business;(b) Remain competent for the work they do; and(c) Are appropriately supervised.October 2013