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  • ICO-1.1 ICO-1.1 General Principles

    • ICO-1.1.1

      Mutual assistance and exchange of information and documents with an overseas authority, who is also a signatory to the IOSCO MMOU, shall be governed by the provisions of the IOSCO MMOU.

      Adopted February 2009

    • ICO-1.1.2

      Mutual assistance and exchange of information and documents with an overseas authority, pursuant to a multilateral or bilateral arrangement to which the CBB and the overseas authority are parties, shall be governed by the respective multilateral or bilateral arrangements.

      Adopted February 2009

    • ICO-1.1.3

      In respect of mutual assistance and the exchange of information and documents with an overseas authority who is not a party to the IOSCO MMOU, or any other multilateral or bilateral arrangement, the CBB may consider the following while deciding on the request received from an overseas authority for assistance:

      (a) Whether the country or territory of the overseas authority is adopting the basis of reciprocity in its relation with the Kingdom;
      (b) The seriousness of the case and its importance to persons in the Kingdom;
      (c) Whether it is otherwise appropriate in the public interest to give the assistance requested.
      Adopted February 2009

    • ICO-1.1.4

      The CBB may decide to reject the request stated in paragraph ICO-1.1.3, unless the overseas authority undertakes to make contributions towards the cost of exercising such powers as the CBB considers appropriate.

      Adopted February 2009

    • Other Measures to Obtain Information

      • ICO-1.1.5

        This Module does not prohibit the CBB from taking measures other than those identified herein to obtain information necessary to ensure enforcement of, or compliance with the laws and regulations applicable in the Kingdom of Bahrain.

        Adopted February 2009

      • ICO-1.1.6

        This Module does not confer upon any person other than an overseas authority, the right or ability, directly or indirectly to obtain, suppress or exclude any information, or to challenge the execution of a request for assistance under this Module.

        Adopted February 2009

    • Complaints Regarding Violations

      • ICO-1.1.7

        This Module does not restrict the ability of any person to provide unsolicited assistance to the CBB by way of provision of information, questions, complaints, or enforcement tips related to institutions or products operating or offered in Bahrain.

        Adopted February 2009