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  • General Requirement

    • AU-1.2.1

      Investment firm licensee must obtain the CBB's prior written approval for any person wishing to undertake a controlled function in an investment firm licensee. The approval from the CBB must be obtained prior to their appointment, subject to the variations contained in Paragraphs AU-1.2.3 to AU-1.2.5.

      Amended: January 2016
      Amended: July 2007

    • AU-1.2.2

      Controlled functions are those of:

      (a) Director;
      (b) Chief Executive or General Manager;
      (c) Head of function;
      (d) Compliance officer;
      (e) Money Laundering Reporting Officer;
      (f) [Subparagraph deleted in January 2011];
      (g) [Subparagraph deleted in January 2021];
      (h) Financial Instruments Trader; and
      (i) Investment consultant or investment adviser.
      Amended: January 2021
      Amended: April 2018
      Amended: January 2016
      Amended: January 2011
      Amended: October 2009
      July 2007

    • AU-1.2.3

      In the case of Bahraini investment firm licensees, prior approval is required for all of the above controlled functions. Combination of the above controlled functions is subject to the requirements contained in Modules HC and RM.

      Amended: October 2009
      July 2007

    • AU-1.2.4

      In the case of overseas investment firm licensees, prior approval is required for controlled functions (b), defined as the 'Branch Manager' of the Bahrain branch (however titled by the licensee), (c), (d), (e), (f), (h) and (i). Combination of the above controlled functions is subject to the requirements contained in Modules HC and RM.

      Amended: October 2009
      July 2007

    • AU-1.2.5

      [This Paragraph was deleted in January 2021].

      Amended: January 2021
      Amended: October 2009