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  • GR-3 GR-3 General Requirements

    • GR-3.1 GR-3.1 General Requirements

      • GR-3.1.1A

        Representative office licensees must obtain the CBB's prior approval for all major intended changes. These might include but not limited to change of office location and change of the representative manager.

        Added: April 2012

      • Maintenance of Suitable Premises

        • GR-3.1.2

          Representative office licensees must maintain suitable premises in the Kingdom of Bahrain.

          December 2010

        • GR-3.1.3

          [This Paragraph was deleted in April 2012].

          Deleted: April 2012
          December 2010

      • Annual Reporting Requirements

        • GR-3.1.4

          Representative office licensees must submit to the CBB the annual report of the head office within 6 months of the financial year end and any other documents and information requested by the CBB from time to time related to its undertakings.

          December 2010

        • GR-3.1.5

          Representative Office licensees must submit to the CBB on an annual basis, not later than 31st March, a confirmation letter that the representative office is in compliance with the permitted activities and meet all its expenditure commitments.

          Amended: January 2013
          December 2010

      • Other Notifications

        • GR-3.1.6

          Representative office licensees must notify the CBB of any breaches of the CBB's requirements or any other applicable Laws.

          December 2010

        • GR-3.1.7

          The representative office licensee must notify the CBB of any change in the arrangements of the head office's oversight of the representative office.

          December 2010

        • GR-3.1.8

          The representative office licensee must notify the CBB of any significant developments affecting its head office's financial soundness, ownership structure and/or reputation globally.

          December 2010