Back Custom print Link Text Only Rich Text Print

  • Granting or refusal of registration

    • CIU-3.2.9

      To be registered, an applicant must demonstrate that it will comply with the exemption conditions specified in Section CIU-3.1. Should the application for registration be accepted, the CBB will notify the applicant in writing of the fact. The registration may be subject to additional conditions being met.

    • CIU-3.2.10

      The CBB may refuse to register a Bahrain domiciled exempt CIU, if in its opinion:

      (a) The exemption requirements in Section CIU-3.1 are unlikely to be met;
      (b) False or misleading information has been provided to the CBB, or information which should have been provided to the CBB has not been so provided; or
      (c) The CBB believes it necessary in order to safeguard the interests of potential investors.

    • CIU-3.2.11

      Where the CBB proposes to refuse an application for registration, it must give the applicant written notice to that effect. Applicants have 30 calendar days from the date of the written notice to appeal the decision, as per the appeal procedures specified in the notice.