Back Custom print Link Text Only Rich Text Print

  • ES-1.5 ES-1.5 Module HC (High-level Controls)

    • ES-1.5.1

      Module HC outlines the requirements that must be met by investment firm licensees with respect to:

      (a) Corporate governance principles issued by the Ministry of Industry and Commerce as The Corporate Governance Code; and
      (b) Related high-level controls and policies.
      Amended: April 2011
      Amended: July 2007

    • ES-1.5.1A

      The Principles referred to in this Module are in line with the Principles relating to the Corporate Governance Code issued by the Ministry of Industry and Commerce.

      Added: April 2011

    • ES-1.5.2

      The requirements distinguish between different Categories of investment firm licensee. Because of their limited business activities, and consequent lesser risk to customers, Category 3 investment firms are subject to applicable Guidance Paragraphs included in Chapter HC-10.

      Amended: April 2011
      Amended: July 2007

    • ES-1.5.3

      Module HC applies to Bahraini investment firm licensees, including their overseas branches (where either the same or equivalent provisions to those in Module HC should apply). Overseas investment firm licensees must demonstrate that the same or equivalent arrangements are in place at the parent entity level, and that these arrangements provide for effective high-level controls over activities conducted in the Bahrain branch.

      Amended: April 2011
      Amended: July 2010
      Added: July 2007