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TA-2.3.4

Past version: Effective from 01 Jul 2007 to 31 Mar 2011
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The CBB 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
Amended: January 2007