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  • Controllers and Close Links

    • BR-2.3.8

      In accordance with Section GR-5.1, licensees must seek CBB approval and give reasonable advance notice of any of the following events concerning the licensee:

      (a) A person acquiring control or ceasing to have control;
      (b) An existing controller acquiring an additional type of control (such as ownership or significant influence) or ceasing to have a type of control;
      (c) An existing controller increasing the percentage of shares or voting power beyond 10%, 20% or 50%; and
      (d) An existing controller becoming or ceasing to be a parent undertaking.
      May 2011

    • BR-2.3.9

      Every licensee authorised in Bahrain is required to submit an annual report on its controllers, as per Paragraph GR-5.1.8, and close links as set out in Paragraph GR-6.1.3.

      May 2011