UG-1.3 UG-1.3 Application
UG-1.3.1
Volume 1 of the CBB Rulebook for the most part applies only to
conventional bank licensees and to individuals undertaking key functions in those licensees (so-called "approved persons "), except for representative offices of banks which are subject to the relevant requirements in Volume 5 (specialised activities) and Islamic banks which are covered in Volume 2.October 07UG-1.3.2
A few Rules and Guidance have general applicability (and thus also have the formal status of a Regulation): for instance no one may carry on banking business within or from Bahrain without the appropriate license, and
controllers of licensees are also subject to various requirements.Amended: January 2011
October 07UG-1.3.3
Each Module in Volume 1 contains a Scope of Application Chapter, setting out which Rules and Guidance apply to which particular type of
conventional bank licensee or person, for the Module concerned. In addition, each Rule (or Section containing a series of Rules) is drafted such that its application is clearly highlighted for the user. Finally, each Module, in its Purpose Section, specifies in all cases the rulemaking instrument(s) used to issue the content of the Module in question (i.e. Directive and/or Regulation), and the legal basis underpinning the Module's requirements.October 07UG-1.3.4
All references in this Module to 'he' or 'his' shall, unless the context otherwise requires, be construed as also being references to 'she' and 'her'.
Added: October 2016
