Back Custom print Link Text Only Rich Text Print

  • AU-A.2 AU-A.2 Module History

    • Evolution of Module

      • AU-A.2.1

        This Module was first issued in October 2010. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made. UG-3 provides further details on Rulebook maintenance and version control

      • AU-A.2.2

        A list of recent changes made to this Module is provided below:

        Module Ref. Change Date Description of Changes
        AU-A.1.4 01/2011 Clarified legal basis.
        AU-4.1.4 01/2011 Removed the requirement for a letter of comfort to be provided with an application for license.
        AU-4.1.15 01/2011 Corrected cross reference.
        AU-4.1.4(a) 04/2011 Added cross reference.
        AU-4.2 04/2011 Clarified Rules for authorisation of a branch and added Rules for authorisation of a subsidiary.
        AU-4.3.7A 07/2011 Added a Rule dealing with notification to CBB when an approved person ceases to hold a controlled function.
        AU-4.4.6 07/2011 Cross reference added to Rule.
        AU-A.1.4 04/2012 Legal basis updated to reflect all Articles of the CBB Law covered by this Module as well as applicable Resolutions.
        AU-4.4 04/2012 Clarified language on cancellation of a license to be in line with other Volumes of the CBB Rulebook.
        AU-1.1.8A and AU-1.1.8B 10/2012 Rule and guidance added to address the activity of wholesale export and import of various currency bank notes in physical form.
        AU-2.1.1 10/2012 Amended legal status.
        AU-A.1.4 01/2013 Updated legal basis.
        AU-1.1 01/2013 References added to requirements under Resolution No.(16) for the year 2012.
        AU-1.2.3 01/2013 Clarified approval requirements for controlled functions for Bahrain operations.
        AU-4.4.4A 01/2013 Corrected cross reference to CBB Law.
        AU-5.2 07/2013 Amended due date and collection process for annual licensee fee.
        AU-A.1.4 07/2015 Legal basis updated to reflect Resolution No (23) of 2015.
        AU-4.3 07/2015 Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons.
        AU-4.4.6 07/2015 Clarified interim arrangements for replacement of approved person.
        AU-1.2 01/2016 Clarified general requirements for approved persons.
        AU-3 01/2016 Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons.
        AU-4.3 01/2016 Minor amendments to be aligned with other Volumes of the Rulebook.
        AU-4.5 07/2017 Added new Section on Publication of the Decision to Grant, Cancel or Amend a License
        AU-4.1.1 04/2018 Amended Paragraph.
        AU-4.1.18 04/2018 Amended Paragraph.
        AU-4.3.2 04/2018 Amended Paragraph.
        AU-4.3.8AA 10/2018 Amended Paragraph number.
        AU-4.4.6 10/2018 Amended reference Paragraph.
        AU-4.1.1 07/2019 Amended Paragraph to remove references to hardcopy Form 1 submission to online submission.
        AU-4.1.21 10/2019 Changed from Rule to Guidance.
        AU-4.1.22 10/2019 Changed from Rule to Guidance.
        AU-4.1.23 10/2019 Changed from Rule to Guidance.
        AU-4.5.1 10/2019 Changed from Rule to Guidance.
        AU-4.3.9A 01/2021 Added a new Paragraph on compliance of approved persons with the fit and proper requirement.

    • Superseded Requirements

      • AU-A.2.3

        This Module supersedes the following provisions contained in circulars or other regulatory instruments:

        Circular / other reference Subject
        Standard Conditions and Licensing Criteria: Money Changers Scope of license and licensing conditions.
        Circular BC/309/1994 Management Personnel
        Circular BC/120/1995 Money Changers Permitted Business
        Circular BC/11/98 Appointment and suitability of Directors and senior managers ('fit and proper').
        Circular EDFIS/C/05/2007 CBB's New License Fees System
        October 2010