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TA-2.3.4

Past version: Effective up to 30 Jun 2007
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The BMA expects, for Bahraini insurance licensees, for Bahrain to be the principal place of business and for Bahrain to be the centre of its governance and management. This must include:

(a) the majority of Board meetings taking place in Bahrain;
(b) appointing a locally-resident Chief Executive or General Manager; and
(c) premises and records being located in the Kingdom of Bahrain.
Rulebook Reference HC-1.3.5,
HC-3.1
AU-2.2.1 and
GR-1