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  • TC-B.1 TC-B.1 Scope

    • TC-B.1.1

      This Module applies to all capital market licensees in the Kingdom of Bahrain. It covers the training and competency requirements for approved persons (See Chapter TC-1).

      Added: January 2022

    • TC-B.1.2

      In the case of an overseas licensee or entity undertaking regulated business activities within the framework of CBB Rulebook Volume-6, the applicability of this Module is restricted to its Bahrain operations.

      Added: January 2022

    • TC-B.1.3

      Persons authorised by the CBB as approved persons prior to the issuance of Module TC need not reapply for authorisation.

      Added: January 2022

    • TC-B.1.4

      The requirements of this Module apply to approved persons in connection with the capital market licensee’s regulated services, or under a contract of service.

      Added: January 2022

    • TC-B.1.5

      In the case of outsourcing arrangements, the capital market licensee should refer to the competency requirements, outlined in Appendix TC-1 for approved persons, for assessing the suitability of the outsourcing provider.

      Added: January 2022

    • TC-B.1.6

      Capital market licensees must satisfy the CBB that individuals undertaking a controlled function position for it or on its behalf are suitable and competent to carry out the tasks assigned to that position.

      Added: January 2022

    • TC-B.1.7

      In implementing this Module, capital market licensees must ensure that individuals appointed/recruited to perform controlled 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.
      Added: January 2022