Mergers, Acquisitions, Disposals and Establishment of New Subsidiaries
BR-2.3.15
A
Bahraini investment firm licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to:(a) Enter into a merger with another undertaking;(b) Enter into a proposed acquisition, disposal or establishment of a new subsidiary undertaking; or(c) Open a new place of business as a subsidiary undertaking, a branch or a representative office within the Kingdom of Bahrain or other jurisdiction.Amended: January 2020
Amended: April 2011
Amended: October 2009
Adopted: July 2007BR-2.3.16
In order to comply with requirements of Paragraph BR-2.3.15,
investment firm licensees should refer to the requirements of Chapter GR-10.Amended: April 2011
Amended: October 2009
Adopted: July 2007BR-2.3.17
[This Paragraph was moved to GR-10.1.5].
Amended: April 2011
Amended: October 2009
Adopted: July 2007