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  • Carrying out Business in Another Jurisdiction

    • BR-2.3.12

      An investment firm licensee must seek CBB approval and give three months' notice of its intention to undertake investment business activities in a jurisdiction other than Bahrain prior to commencing that business and where the effect of commencing that business may have a significant impact on:

      (a) The investment firm licensee's business in Bahrain; or
      (b) The capital resources of the investment firm licensee.
      Amended: January 2020
      Amended: January 2011
      Amended: October 2009
      Adopted: July 2007

    • BR-2.3.13

      Rule BR-2.3.12 applies whether or not the investment firm licensee is required to be regulated locally in the jurisdiction where it proposes to undertake the investment business.

      Amended: July 2010
      Amended: October 2009
      Adopted: July 2007

    • BR-2.3.14

      The CBB will use this information to consider whether or not it should refuse its approval or impose additional requirements on the licensee.

      Amended: October 2009
      Adopted: July 2007