AU-2.1.1

Representative office licensee must be established in the form of a Representative office in accordance with the Bahrain Commercial Companies Law of 2001.

AU-2.2.1

Representative office licensees must maintain a resident Rep Manager and premises in the Kingdom appropriate to the nature and scale of their permitted activities.

AU-2.3.1

The head office or parent company is legally responsible for the representative office in Bahrain. The head office or parent company is considered a controller in this case; therefore it must fill in the information related to the head office in the Application Form "Form 1".

AU-2.3.2

In all cases, when judging applications from existing groups, the CBB will have regard to the reputation and financial standing of the group as a whole. Where relevant, the CBB will also take into account the extent and quality of supervision applied to overseas members of the group and take into account any information provided by other supervisors in relation to any member of the group.

AU-2.4.1

The resident Rep Manager nominated to carry out the controlled function in a representative office licensee must satisfy CBB's approved person's requirements.

AU-2.4.2

The definition of controlled function is contained in AU-1.2.1, whilst AU-3 sets out CBB's approved person requirements. Applications for approved person status must be submitted using the prescribed Form 3 Application for Approved Person Status.

AU-2.5.1

Representative office licensees must maintain a level of financial resources, as agreed with the CBB, adequate for meeting their expenses.

AU-2.5.2

Representative office licensees must provide written confirmation from their head office that the head office will provide financial support to the representative office sufficient to enable it to meet its obligations as and when they fall due.

Books and Records

Provision of Information

General Conduct

License Fees

Additional Conditions