GR-2.1 GR-2.1 Vetting of Names
GR-2.1.1
Insurance licensees must obtain CBB’s prior written approval for any change in their legal name.Licensees must notify the CBB of any change in their corporate name at least one week prior to effecting the proposed change.Amended: January 2022
Amended: January 2007GR-2.1.2
GR-2.1.1 applies to
overseas insurance licensees only with respect to their Bahrainbranch .Amended: January 2007GR-2.1.3
In approving a change in a legal name, the CBB seeks to ensure that it is sufficiently distinct as to reduce possible confusion with other unconnected businesses, particularly those operating in the financial services sector. The CBB also seeks to ensure that names used by unregulated
subsidiaries do not suggest thosesubsidiaries are in fact regulated.Amended: January 2022
Amended: January 2007