Mergers, Acquisitions, Disposals and Establishment of New Subsidiaries
BR-2.3.13
A
licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to enter into a:(a) Merger with another undertaking; or(b) Proposed acquisition, disposal or establishment of a newsubsidiary undertaking .Amended: January 2020
Added: October 2010BR-2.3.14
Licensees wishing to cancel an authorisation for asubsidiary undertaking must obtain the CBB's written approval, before ceasing the activities of the subsidiary.Amended: April 2011
October 2010