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  • BR-3.1 BR-3.1 Power to Request Information

    • BR-3.1.1

      Investment firm licensees must provide all information that the CBB may reasonably request in order to discharge its regulatory obligations.

      Adopted: July 2007

    • BR-3.1.1A

      Investment firm licensees must provide all relevant information and assistance to the CBB inspectors and appointed experts on demand as required by Articles 111 and 114 of the CBB Law. Failure by investment firm licensees to cooperate fully with the CBB's inspectors or appointed experts, or to respond to their examination reports within the time limits specified, will be treated as demonstrating a material lack of cooperation with the CBB which will result in other enforcement measures being considered, as described elsewhere in Module EN. This rule is supported by Article 114(a) of the CBB Law.

      Adopted: July 2012

    • BR-3.1.1B

      Article 163 of the CBB Law provides for criminal sanctions where false or misleading statements are made to the CBB or any person / appointed expert appointed by the CBB to conduct an inspection or investigation on the business of the investment firm licensee or the listed licensee.

      Adopted: July 2012

    • Information Requested on Behalf of other Supervisors

      • BR-3.1.2

        The CBB may ask an investment firm licensee to provide it with information at the request of or on behalf of other supervisors to enable them to discharge their functions properly. Those supervisors may include overseas supervisors or government agencies in Bahrain. The CBB may also, without notifying an investment firm licensee, pass on to those supervisors or agencies information that it already has in its possession.

        Adopted: July 2007