• B B

    • Bahrain domiciled CIU(s)

      Bahrain domiciled CIUs are undertakings where:

      (a) The legal form of the CIU is established under the laws of the Kingdom of Bahrain; and
      (b) The CIU documents and contractual agreements are governed by the Laws of the Kingdom of Bahrain.
      Added: January 2014

    • Bahraini specialised licensees/ Bahraini licensees

      A specialised licensee that is incorporated in the Kingdom of Bahrain.

      Amended: July 2016

    • Base Rate

      The interest rate that underpins lending to customers.

      Added: January 2014

    • Beneficial Owner

      Refers to the natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement. This definition should also apply to "Ultimate beneficial ownership".

      Added: October 2017

    • Branch(es)

      A place of business which forms a legally dependent part of a licensee and which carries out directly all or some of the transactions inherent in the business of the relevant licensee.

      Added: January 2013