B B
Bahrain domiciled CIU(s)
Bahrain domiciled CIUs are undertakings where:
(a) The legal form of the CIU is established under the laws of the Kingdom of Bahrain; and(b) The CIU documents and contractual agreements are governed by the Laws of the Kingdom of Bahrain.Added: January 2014Bahraini specialised licensees/ Bahraini licensees
A specialised licensee that is incorporated in the Kingdom of Bahrain.
Amended: July 2016Base Rate
The interest rate that underpins lending to customers.
Added: January 2014Beneficial Owner
Refers to the natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement. This definition should also apply to "Ultimate beneficial ownership".
Added: October 2017Branch(es)
A place of business which forms a legally dependent part of a
licensee and which carries out directly all or some of the transactions inherent in the business of the relevantlicensee .Added: January 2013