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BR-2.3.17

Past version: Effective from 01 Apr 2013 to 31 Dec 2019
To view other versions open the versions tab on the right

As specified in Articles 51 and 57 of the CBB Law, an insurance licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to:

(a) Enter into a merger with another undertaking;
(b) Enter into a proposed acquisition, disposal or establishment of a new subsidiary; or
(c) Open a new place of business as a subsidiary, a branch or a representative office within the Kingdom of Bahrain or other jurisdiction.
Amended: April 2013
Amended: October 2007
Amended: January 2007