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AU-A.2.3

Past version: Effective from 01 Jan 2011 to 31 Mar 2011
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A list of recent changes made to this Module is provided below:

Module Ref. Change Date Description of Changes
AU-A.1.3 07/2006 Deletion of reference to 'acting as a trust service provider'.
AU-1.1.13 07/2006 Deletion of reference to 'acting as a trust service provider'.
AU-1.1.14 07/2006 Clarification of scope of exemption.
AU-1.4.50 07/2006 Deletion of paragraph relating to 'acting as a trust service provider'.
AU-1.4.51 07/2006 Deletion of paragraph relating to 'acting as a trust service provider'.
AU-A.1 07/2007 Changes to reflect new CBB Law and reclassification of administrators as ancillary services providers (i.e. licensees, to be subject to Volume 5 of the CBB Rulebook).
AU-1.3 07/2007 Deletion of this Section to reflect reclassification of administrators as ancillary services providers (i.e. licensees, to be subject to Volume 5 of the CBB Rulebook).
AU-1.4 07/2007 Clarification of exemption in Rule AU-1.4.8; and minor change to definition of collective investment undertaking (to align with new Module CIU, Volume 6).
AU-4 07/2007 Chapter deleted to reflect reclassification of administrators as ancillary services providers (i.e. licensees, to be subject to Volume 5 of the CBB Rulebook).
AU-5.1 07/2007 Section amended to reflect new procedures reflecting CBB Law.
AU-5.3 07/2007 Deleted following reclassification of administrators as ancillary services providers (i.e. licensees, to be subject to Volume 5 of the CBB Rulebook).
AU-5.4 07/2007 Amended to reflect new CBB Law procedures.
AU-5.5 07/2007 Amended to reflect new CBB Law procedures.
AU-6 07/2007 New Chapter AU-6 on application and license fees (old material on fees, previously contained in Module GR, deleted).
AU-5.1.5 and 5.1.5A 01/2008 Clarified CBB's requirements for letters of comfort and/or letters of guarantee.
AU-5.1.13 01/2008 Clarified CBB's requirements for items that must be in place within 6 months of a new license being issued.
AU-1.1.18 04/2008 Clarified that Category 3 investment firms must be independent.
AU-5.2.2 04/2008 Clarified to whom Form 3 should be sent to if dealing with a request for an appointment of MLRO from an existing investment firm licensee.
AU-5.5.5 04/2008 Outlined CBB's requirements in instances where a controlled function becomes vacant.
AU-5.2.5 07/2008 Clarified that the refusal decision by the CBB to grant a person 'approved person' status is issued to the investment firm licensee
AU-5.2.6 07/2008 Added cross reference.
AU-1.1.18 10/2009 Clarified that Category 3 investment firms must refrain from receiving fees or commissions from parties other than clients.
AU-1.1.24 10/2009 Paragraph changed from Guidance to Rule.
AU-1.2 10/2009 Amended to reflect requirements of Modules HC and RM.
AU-1.2.2 10/2009 Controlled function of Deputy MLRO added.
AU-1.2.15 10/2009 New Rule added to clarify definition of Compliance Officer and MLRO/Deputy MLRO.
AU-1.4.11 10/2009 Clarified that dealing in financial instruments as principal includes underwriting and private placement.
AU-1.4.19 10/2009 Clarified that dealing in financial instruments as agent does not include execution of deals.
AU-2.3 10/2009 Updated to include CBB's requirements for controllers.
AU-5.1.5 10/2009 Clarified that copy of commercial registration certificate is required for existing Bahraini companies only.
AU-5.2 10/2009 Updated to include CBB's information requirements for the appointment of approved persons.
AU-B.1.3, AU-2.5.2 and AU-2.7.2 07/2010 Paragraphs deleted.
AU-B.2 and AU-5.5.5 07/2010 Amended heading.
AU-1.2.9 and AU-5.5.1 07/2010 Added cross reference.
AU-1.4.33 and AU-1.4.37 07/2010 Paragraphs changed from Guidance to Rules and amended to clarify definition of safeguarding financial instruments.
AU-1.4.42 and AU-1.4.43 07/2010 New rules added to clarify definition of advising on financial instruments.
AU-1.4.49, AU-1.4.50, AU-1.4.51 and AU-5.5.5 07/2010 Amended cross reference.
AU-1.2.9, AU-1.4.49, AU-1.4.50, AU-1.4.51, AU-2.3.5, AU-5.1.6, AU-5.1.12A, AU-5.1.12B, AU-5.1.12D and AU-6.1.1 07/2010 Paragraphs amended.
AU-5.1.5A 07/2010 Paragraphs amended and changed to Rule.
AU-5.1.12K 07/2010 Paragraph added to require confirmation that capital has been paid in before the final approval for a license.
AU-5.1.13 07/2010 Updated to include new requirement to be submitted within six months of the license being issued.
AU-6.2 07/2010 Updated to include CBB's annual license fee requirements.
AU-A.1.11 01/2011 Clarified legal basis.
AU-1.1.2 01/2011 Clarified guidance.
AU-1.1.21, AU-1.1.22 and AU-1.2.1(f) 01/2011 Paragraphs deleted for consistency in CBB Rulebook.
AU-1.2 01/2011 Amended as requirements moved from Module HC to Module AU.
AU-1.4.25 01/2011 Amended guidance to reflect new definitions related to licensed exchange(s).
AU-5.1.13(j) 01/2011 Added language requirements for commercial registration certificate.
AU-5.1.5A 01/2011 Amended CBB's requirements concerning letters of guarantee to be submitted with licensing application.
AU-5.1.13 01/2011 Added requirement to submit copy of licensee's business card and any written communication including a statement that the investment firm is licensed by the CBB.
AU-5.5.3 01/2011 Clarified guidance.