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  • Prior Approval Requirements and Process

    • AU-4.2.1

      Representative office licensees must obtain CBB's prior written approval before a person is formally appointed to a controlled function. The request for CBB approval must be made by submitting to the CBB a duly completed Form 3 (Application for Approved Person status) and Curriculum Vitae after verifying that all the information contained in the Form 3, including previous experience, is accurate. Form 3 is available under Volume 5 Part B Authorisation Forms of the CBB Rulebook.

      Amended: January 2016
      Amended: July 2015
      December 2010

    • AU-4.2.2

      When the request for approved person status forms part of a license application, the Form 3 must be marked for the attention of the Director, Licensing Directorate. When the submission to undertake a controlled function is in relation to an existing licensee, the Form 3 must be marked for the attention of the concerned Supervision Director.

      Amended: April 2018
      Amended: July 2015
      December 2010

    • AU-4.2.2A

      When submitting the Forms 3, licensees must ensure that the Form 3 is:

      (a) Submitted to the CBB with a covering letter signed by an authorised representative of the administrator licensee, seeking approval for the proposed controlled function;
      (b) Submitted in original form;
      (c) Submitted with a certified copy of the applicant's passport, original or certified copies of educational and professional qualification certificates (and translation if not in Arabic or English) and the Curriculum Vitae; and
      (d) Is signed by an authorised representative of the licensee and all pages stamped with the licensee's seal.
      Added: July 2015

    • AU-4.2.3

      [This Paragraph was deleted in July 2015.]

      Deleted: July 2015