Appendix FP-2 – List of senior management positions/persons requiring CBB Approval
Note: The titles mentioned in this Module or Appendix should be interpreted as referring to individuals fulfilling roles or functions corresponding to the respective title.
Added: March 2025A. Bahraini bank licensees
Title /position 1 Chief Executive Officer (CEO) or equivalent and Deputy CEO (D-CEO) if such a position exists 2 Chief Financial Officer 3 Chief Risk Officer 4 Chief Compliance Officer 5 Chief Internal Auditor 6 Money Laundering Reporting Officer (MLRO) Added: March 2025B Insurance firms
Title /position 1 Chief Executive Officer (CEO) or equivalent and Deputy CEO (D-CEO) if such a position exists 2 Chief Financial Officer 3 Chief Risk Officer 4 Signing /Head of Actuary 5 Chief Compliance Officer 6 Chief Internal Auditor 7 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025C Insurance brokers, insurance consultants, insurance aggregators and insurance exchanges
Title /position 1 Chief Executive Officer (CEO) or equivalent and Deputy CEO (D-CEO) if such a position exists 2 Chief Compliance Officer (Insurance brokers/aggregators) 3 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025D Investment firms
Title /position 1 Chief Executive Officer (CEO) or equivalent and Deputy CEO (D-CEO) if such a position exists 2 Chief Financial Officer for Category 1 and Category 2 Licensees only 3 Chief Risk Officer for Category 1 and Category 2 Licensees only (may be a combined role with an existing independent control function) 4 Chief Compliance Officer 5 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025E Money changers, financing companies, micro financing licensees, payment service providers, crowdfunding platform operators and trust service providers
Title /position 1 Chief Executive Officer (CEO) 2 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025F Capital market licensees
Title /position 1 Chief Executive Officer (CEO) 2 Chief Financial Officer (CFO) (for exchanges) 3 Chief Internal Auditor (for exchanges) 4 Chief Compliance Officer (for exchanges) 5 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025G Crypto asset licensees
Title /position 1 Chief Executive Officer (CEO) 2 Chief Risk Officer (CRO) (excluding category 1) 3 Chief Financial Officer (CFO) (excluding category 1) 4 Chief Internal Auditor (excluding category 1) 5 Chief Compliance Officer 6 Money Laundering Reporting Officer (MLRO) (may be combined with Compliance officer role) Added: March 2025H Administrators, third party administrators, Sharia’ advisory/review services, account information service providers and payment initiation service providers
Title /position 1 Chief Executive Officer (CEO) Added: March 2025I Branches of foreign licensees and representative offices
Title /position 1 Chief Executive Officer, Country Head, General Manager or equivalent role 2 Chief Financial Officer (for branches of foreign retail banks) 3 Chief Compliance Officer and Money Laundering Reporting Officer (MLRO)(for Branches only) Added: March 2025
