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BR-2.3.17

Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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An insurance licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to enter into a:

(a) Merger with another undertaking; or
(b) A proposed acquisition, disposal or establishment of a new subsidiary undertaking,

whether or not the proposed merger, acquisition, disposal or establishment of a new subsidiary undertaking is to take place in Bahrain or another jurisdiction.

Amended: January 2007