AU-2.8 AU-2.8 Condition 8: Other Requirements
Books and Records
AU-2.8.1
Licensees must maintain comprehensive books of accounts and other records, which must be available for inspection within the Kingdom of Bahrain by the CBB, or persons appointed by the CBB, at any time.Licensees must comply with the minimum record-keeping requirements contained in Module GR. Books of accounts must comply with IFRS standards.October 2010Provision of Information
AU-2.8.2
Licensees must act in an open and cooperative manner with the CBB.Licensees must meet the regulatory reporting and public disclosure requirements contained in Modules BR and PD respectively.October 2010General Conduct
AU-2.8.3
Licensees must conduct their activities in a professional and orderly manner, in keeping with good market practice standards.Licensees must comply with the general standards of business conduct contained in Module PB, as well as the standards relating to treatment of customers contained in Module BC.October 2010License Fees
AU-2.8.4
Licensees must comply with any license fee requirements applied by the CBB.October 2010AU-2.8.5
License fee requirements are contained in Chapter AU-5.
October 2010Additional Conditions
AU-2.8.6
Licensees must comply with any other specific requirements or restrictions imposed by the CBB on the scope of their license.October 2010AU-2.8.7
When granting a license, the CBB specifies the regulated services that the
licensee may undertake.Licensees must respect the scope of their license.October 2010AU-2.8.8
In addition, the CBB may vary existing requirements or impose additional restrictions or requirements, beyond those already specified in Volume 5 (Specialised Licensees), to address specific risks.
October 2010
