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  • AU-A.1 AU-A.1 Purpose

    • Executive Summary

      • AU-A.1.1

        The Authorisation Module sets out the CBB's approach to licensing providers of regulated administration services in the Kingdom of Bahrain. It also sets out CBB requirements for approving persons undertaking key functions in those providers.

        May 2011

      • AU-A.1.2

        Licensed providers of regulated administration services are called fund administrators and registrars.

        May 2011

      • AU-A.1.3

        Regulated administration services are defined in Paragraphs AU-1.1.11 and AU-1.1.12.

        May 2011

      • AU-A.1.4

        Persons undertaking certain functions in relation to licensees require prior CBB approval. These functions (called 'controlled functions') include Directors and members of senior management. The controlled functions regime supplements the licensing regime by ensuring that key persons involved in the running of licensees are fit and proper. Those authorised by the CBB to undertake controlled functions are called approved persons.

        May 2011

    • Retaining Authorised Status

      • AU-A.1.5

        The requirements set out in Chapters AU-2 and AU-3 represent the minimum conditions that have to be met in each case, both at the point of authorisation and on an on-going basis thereafter, in order for authorised status to be retained.

        May 2011

    • Legal Basis

      • AU-A.1.6

        This Module contains the Central Bank of Bahrain ('CBB') Directive, Regulations and Resolutions (as amended from time to time) regarding authorisation under Volume 5 of the CBB Rulebook. It is applicable to all licensees (as well as to approved persons), and is issued under the powers available to the CBB under Articles 37 to 42, 44 to 48 and 180 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). CBB-licensed fund administrators and registrars must also comply with Resolution No. 1 of the year 2007 'new license fees system' (as amended from time to time). The Module also contains requirements governing the conditions of granting a license for the provision of regulated services as prescribed under Resolution No.(43) of 2011 and issued under the powers available to the CBB under Article 44(c). The Module contains requirements under Resolution No.(16) for the year 2012 including the prohibition of marketing financial services pursuant to Article 42 of the CBB Law. This Module contains the prior approval requirements for approved persons under Resolution No (23) of 2015.

        Amended: July 2015
        Amended: January 2013
        Amended: April 2012
        May 2011

      • AU-A.1.7

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

        May 2011