EN-9.1.1
Past version: Effective from 01 Oct 2007 to 30 Sep 2010
To view other versions open the versions tab on the right
Article 48 of the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006) ("CBB Law") CBB empowers the Central Bank to cancel or amend a license under certain circumstances. These include cases where a licensee has:
(a) failed to satisfy its license conditions;
(b) violated the terms of the CBB Law or CBB regulations or Rulebook; or
(c) failed to start business witin six months from the date of the license;
(d) ceased to carry out the licensed activities permitted;
(e) not acted in the legitimate interest of its customers or creditors.