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  • Controllers and Close Links

    • BR-2.3.10

      In accordance with Chapter GR-5, Bahraini investment firm licensees must seek CBB approval and give reasonable advance notice of any of the following events concerning the investment firm licensee:

      (a) A person acquiring control or ceasing to have control;
      (b) An existing controller acquiring an additional type of control (such as ownership or significant influence) or ceasing to have a type of control;
      (c) An existing controller increasing his or her percentage in the issued and paid up capital or voting power beyond 10%, 20%, 30% or 40%; and
      (d) An existing controller becoming or ceasing to be a parent undertaking.
      Amended: October 2015
      Amended: October 2009
      Adopted: July 2007

    • BR-2.3.11

      Every investment firm licensee authorised in Bahrain is required to submit an annual report on its controllers, as per Paragraphs GR-5.1.8 and GR-5.5.3, and close links as set out in Paragraph GR-6.1.3.

      Amended: October 2015
      Amended: October 2009
      Adopted: July 2007