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  • Carrying out Business in Another Jurisdiction

    • CRA-10.3.12

      As specified in Article 51 of the CBB Law, a licensee must seek the CBB’s prior written approval where it intends to undertake business activities in a jurisdiction other than Bahrain. The request for CBB approval must be made at least three months prior to planned commencement date of such business.

      Amended: April 2023
      Added: April 2019

    • CRA-10.3.13

      Paragraph CRA-10.3.12 applies whether or not the licensee is required to be regulated locally in the jurisdiction where it proposes to undertake the business.

      Amended: April 2023
      Added: April 2019

    • CRA-10.3.14

      The CBB will use the information to consider whether or not it should impose additional requirements on the licensee.

      Amended: April 2023
      Added: April 2019