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  • Executive Summary

    • AU-A.1.1

      The executive summary only provides an overview. For detailed rules, reference must be made to the individual Rules outlined in the remainder of this Module.

      April 2016

    • AU-A.1.2

      Module AU sets out the Central Bank of Bahrain's ('CBB's) approach to licensing providers of regulated ancillary services in the Kingdom of Bahrain. It also sets out CBB requirements for approving persons undertaking key functions in those providers.

      April 2016

    • AU-A.1.3

      Licensed providers of regulated ancillary services fall into the following categories: third party administrators, card processing services, operating a credit reference bureau, payment service providers, Shari'a advisory/review services, operating a crowdfunding platform, account information service providers and payment initiation service providers and carrying out services in accordance with the CBB Law. These licensees are referred to as financial sector support institutions under Article (1) of the CBB Law and its amendments.

      Amended: October 2019
      April 2016

    • AU-A.1.4

      Regulated ancillary services are defined in Paragraph AU-1.2.1.

      April 2016

    • AU-A.1.5

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

      April 2016