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  • AU-1.3 AU-1.3 Definition of Regulated Representative Office Services

    • AU-1.3.1

      Representative office licensees may undertake the following regulated representative office services:

      (a) Conducting research and surveys for its parent company/head office on local Bahrain economy and international market;
      (b) Liaising with customers on behalf of the head office, parent company or wholly owned subsidiary as approved by the CBB;
      (c) Providing factual information, data and promotional material relating to the head office's products and services to customers; and
      (d) Responding to general inquiries related to the head office.
      December 2010

    • AU-1.3.2

      General Prohibitions:

      (a) Representative office licensees may only undertake the regulated representative office services defined in AU-1.3.1 above. Representative office licensees must not undertake any other regulated financial services as set out in Regulation 1 of 2007;
      (b) The representative office must not engage directly or on behalf of the head office in any financial transactions or business activities for profit inside Bahrain, except transactions which are necessary for and incidental to the maintenance of the representative office in Bahrain; and
      (c) Any staff of the representative office must not also be an employee or director with day-to-day responsibilities of any financial institution operating in Bahrain. The representative office must not represent any institution other than its head office or parent company.
      December 2010