(a) The customer is the Central Bank of Bahrain ('CBB'), the Bahrain Stock Exchange ('BSE') or a licensee of the CBB;

(b) The customer is a Ministry of a Gulf Cooperation Council ('GCC') or Financial Action Task Force ('FATF') member state government, a company in which a GCC government is a majority shareholder, or a company established by decree in the GCC;

(c) The customer is a company listed on a GCC or FATF member state stock exchange with equivalent disclosure standards to those of the BSE;

(d) The customer is a financial institution whose entire operations are subject to AML/CFT requirements consistent with the FATF Recommendations / Special Recommendations and it is supervised by a financial services supervisor in a FATF or GCC member state for compliance with those requirements;

(e) The customer is a financial institution that is a subsidiary of a financial institution located in a FATF or GCC member state, and the AML/CFT requirements applied to its parent also apply to the subsidiary;

(f) Premium due is a single payment not exceeding BD 6,000, or total premiums due for a single customer do not exceed BD 6,000 per year; or

(g) The transaction is a long-term insurance contract, either taken out in connection with a pension scheme relating to the customer's employment or occupation, or contains a no surrender clause and cannot be used as security for a loan.