AU-B.1 AU-B.1 Scope of Application
AU-B.1.1
The content of this Module applies to all
ancillary service provider licensees authorised in the Kingdom of Bahrain, thereafter referred to in this Module aslicensees .April 2016AU-B.1.2
Two types of authorisation are prescribed:
(a) Any person seeking to provide regulated ancillary services within or from the Kingdom of Bahrain must hold the appropriate CBB license (see Section AU-1.1); and(b) Natural persons wishing to perform acontrolled function in alicensee also require prior CBB's approval, as anapproved person (see Section AU-1.2).April 2016AU-B.1.3
The authorisation requirements in Chapter AU-1 have general applicability, in that they prevent any person from providing (or seeking to provide) regulated ancillary services within or from the Kingdom of Bahrain, unless they have been licensed as a an
ancillary service provider by the CBB (see Rule AU-1.1.1).April 2016AU-B.1.4
The remaining requirements in Chapters AU-1 to AU-3 (besides those mentioned in Section AU-B.1 above) apply to all those licensed by the CBB as an
ancillary service provider licensee , or which are in the process of seeking such a license. They apply to persons incorporated in the Kingdom of Bahrain, unless otherwise specified.April 2016AU-B.1.5
Chapter AU-2 applies to
licensees (not just applicants), since licensing conditions have to be met on a continuous basis bylicensees . Similarly, Chapter AU-3 applies toapproved persons on a continuous basis; it also applies tolicensees seeking anapproved person authorisation. Chapter AU-4 contains requirements applicable tolicensees , with respect to the starting up of their operations, as well as tolicensees andapproved persons , with respect to the amendment or cancellation of their authorised status. Finally, Section AU-5.2 imposes annual fees onlicensees .April 2016