Mergers, Acquisitions, Disposals and Establishment of New Subsidiaries
BR-2.3.11
A
licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to enter into a:(a) Merger with another undertaking; or(b) Proposed acquisition, disposal or establishment of a newsubsidiary undertaking .Amended: January 2020
Added: May 2011BR-2.3.12
Licensees will also need to consider the implications of a merger, acquisition, disposal or establishment of a newsubsidiary undertaking in the context of thecontrollers andclose links rules set out in Module GR.May 2011