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  • Legal Basis

    • CIU-A.1.9

      Module CIU constitutes the CBB's Directive relating to CIUs, and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). Module CIU is applicable to all CBB licensees that are relevant persons, as defined in Section CIU-B.2.

    • CIU-A.1.10

      The contents of this Module are also included in Regulations, to be issued by the CBB, by virtue of which they are applicable to all those who are relevant persons but are not CBB licensees.

    • CIU-A.1.11

      Thus, persons that are not CBB licensees (because they are not undertaking regulated services within Bahrain), yet are still relevant persons (because their activities relate to a CIU falling within the scope of this Module), are also subject to the requirements of this Module, with respect to the CIU(s) concerned.

    • CIU-A.1.12

      For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.