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  • Cancellation of Approved Person Status

    • CRA-1.7.11

      The CBB may also move to declare someone as not 'fit and proper', in response to significant compliance failures or other improper behaviour by that person.

      Amended: April 2023
      Added: April 2019

    • CRA-1.7.12

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.13

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.14

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.15

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.16

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.17

      [This Paragraph was deleted in April 2023].

      Deleted: April 2023
      Added: April 2019

    • CRA-1.7.18

      Where a firm is in doubt as to whether a function should be considered a controlled function it must discuss the case with the CBB.

      Added: April 2019

    • CRA-1.7.19

      Licensees must designate an employee, of appropriate standing and resident in Bahrain, as compliance officer. The duties of the compliance officer include:

      (a) Having responsibility for oversight of the licensee's compliance with the requirements of the CBB; and
      (b) Reporting to the licensee's Board in respect of that responsibility.
      Added: April 2019