UG-1.3 UG-1.3 Application
UG-1.3.1
Volume 5 of the CBB Rulebook for the most part applies only to
specialised licensees , and to individuals undertaking key functions in those licensees (so-called 'approved persons '). Most of the content of Volume 5 only has the formal status of a Directive.October 2010UG-1.3.2
A few Rules and Guidance have general applicability (and thus also have the formal status of a Regulation): for instance, no one may carry on specialised activities within or from Bahrain without the appropriate license, and
controllers ofspecialised licensees are also subject to various requirements.October 2010UG-1.3.3
Each Module in Volume 5 (except those listed under the 'Introduction' and 'Sector Guides' headings) contains a Scope of Application Chapter, setting out which Rules and Guidance apply to which particular type of
specialised licensee or person, for the Module concerned. In addition, each Rule (or Section containing a series of Rules) is drafted such that its application is clearly highlighted for the user. Finally, each Module, in its Purpose Section, specifies in all cases the rulemaking instrument(s) used to issue the content of the Module in question, and the legal basis underpinning the Module's requirements.October 2010UG-1.3.4
All references in this Module to 'he' or 'his' shall, unless the context otherwise requires, be construed as also being references to 'she' and 'her'.
Added: October 2016
