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  • AU-2.8 AU-2.8 Condition 8: Other Requirements

    • Books and Records

      • AU-2.8.1

        Investment firm licensees must maintain comprehensive books of accounts and other records, which must be available for inspection within the Kingdom of Bahrain by the CBB, or persons appointed by the CBB, at any time. Investment firm licensees must comply with the minimum record-keeping requirements contained in Module GR. Books of accounts must comply with IAS (and relevant AAOIFI) standards.

        Amended: July 2007

    • Provision of Information

      • AU-2.8.2

        Investment firm licensees must act in an open and cooperative manner with the CBB. Investment firm licensees must meet the regulatory reporting and public disclosure requirements contained in Modules BR and PD respectively.

        Amended: July 2007

    • General Conduct

      • AU-2.8.3

        Investment firm licensees must conduct their activities in a professional and orderly manner, in keeping with good market practice standards. Investment firm licensees must comply with the general standards of business conduct contained in Module PB, as well as the standards relating to treatment of customers contained in Module BC.

    • License Fees

      • AU-2.8.4

        Investment firm licensees must comply with any license fee requirements applied by the CBB.

        Amended: July 2007

      • AU-2.8.5

        License fee requirements are contained in Chapter AU-6.

        Amended: July 2007

    • Additional Conditions

      • AU-2.8.6

        Investment firm licensees must comply with any other specific requirements or restrictions imposed by the CBB on the scope of their license.

        Amended: July 2007

      • AU-2.8.7

        When granting a license, the CBB specifies the regulated investment services that the licensee may undertake and the category of investment firm license granted. Licensees must respect the scope of their license. AU-5.4 sets out the process for varying the scope of an authorisation, should a licensee wish to undertake new regulated investment services.

        Amended: July 2007

      • AU-2.8.8

        In addition, the CBB may vary existing requirements or impose additional restrictions or requirements, beyond those already specified in Volume 4, to address specific risks.

        Amended: July 2007