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 2019CRA-1.7.12
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-1.7.13
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-1.7.14
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-1.7.15
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-1.7.16
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-1.7.17
[This Paragraph was deleted in April 2023].
Deleted: April 2023
Added: April 2019CRA-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 2019CRA-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 thelicensee's compliance with the requirements of the CBB; and(b) Reporting to thelicensee's Board in respect of that responsibility.Added: April 2019