AU-A.2.3
Past version: Effective from 01 Jul 2015 to 31 Dec 2015
To view other versions open the versions tab on the right
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 |
| AU-1.3 | 07/2007 |
Deletion of this Section to reflect reclassification of |
| AU-1.4 | 07/2007 |
Clarification of exemption in Rule AU-1.4.8; and minor change to definition of |
| AU-4 | 07/2007 |
Chapter deleted to reflect reclassification of |
| AU-5.1 | 07/2007 | Section amended to reflect new procedures reflecting CBB Law. |
| AU-5.3 | 07/2007 |
Deleted following reclassification of |
| 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 |
| 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. |
| AU-1.2.16 | 04/2011 | Added a definition Paragraph for the compliance officer. |
| AU-5.1.5(m) | 04/2011 | Corrected typo and added clarification to requirements dealing with private placements. |
| AU-6.2.9A | 04/2011 | Added the requirement for annual fees for SPV's to be in line with the requirements of Resolution No (1) of 2007. |
| AU-A.1.9 | 10/2011 | Guidance Paragraph amended as Volume 5_Representative Offices was issued in December 2010. |
| AU-A.1.11 | 10/2011 | Legal basis updated to reflect all Articles of the CBB Law covered by this Module as well as applicable Resolutions. |
| AU-5.5 | 10/2011 | Clarified language on cancellation of a license to be in line with other Volumes of the CBB Rulebook. |
| AU-1.1.14, AU-1.4.11A and AU-1.4.11B | 01/2012 | Guidance in AU-1.1.14 amended and changed to Rule and moved to AU-1.4.11A and additional guidance added as AU-1.4.11B. |
| AU-1.4.19 and AU-1.4.19A | 01/2012 | Clarified Rule AU-1.4.19 and added guidance for Category 3 investment firms. |
| AU-1.4.33 | 01/2012 | Added reference to Volume 5 (Administrators) and amended Rule. |
| AU-2.2.2 and AU-2.2.3 | 01/2012 | Restructured and amended guidance into two Paragraphs, including one guidance and one Rule. |
| AU-2.3.2 | 01/2012 | Clarified application of Rule for Category 1 and 2 investment firm licensees. |
| AU-5.5.5 | 01/2012 | Clarified Rule. |
| AU-6.2.9B | 01/2012 | Guidance added to clarify the non application of fees for SPVs established for the purpose of setting up a locally domiciled CIU. |
| AU-1.2.13, AU-1.2.13A and AU-1.2.13B | 07/2012 | Clarified Rule and added Paragraphs on investment consultant and investment adviser. |
| AU-1.4.2 and AU-5.5.4A | 10/2012 | Corrected cross reference. |
| AU-1.1.25, AU-1.2.13, AU-1.4.11, AU-1.4.11A, AU-1.4.15, AU-1.4.17., AU-1.4.18, AU-1.4.28, AU-1.4.29, AU-1.4.41 and AU-1.4.45 | 10/2012 | The term 'underwrite/underwriting' has now been defined and included in the Glossary under Part B of Volume 4. |
| AU-1.4.15 | 10/2012 | Clarified Rule dealing with providing credit. |
| AU-1.4.52 | 10/2012 | Reference updated to reflect the issuance of Volume 7 (CIU). |
| AU-A.1.11 | 01/2013 | Updated legal basis. |
| AU-B.1.1 | 01/2013 | Updated prohibition as per issuance of Resolution No.(16) for the year 2012. |
| AU-1.1 | 01/2013 | References added to requirements under Resolution No.(16) for the year 2012. |
| AU-1.1.24 | 04/2013 | Added cross reference. |
| AU-6.2 | 07/2013 | Amended due date and collection process for annual license fees. |
| AU-1.1.24, AU-1.1.24A and AU-1.1.24B | 10/2014 | Amended requirements to have a Shari'a Supervisory Board based on the category of investment firm licensee. |
| AU-1.4.11 and AU-1.4.11B | 10/2014 | Clarified the meaning of dealing in financial instruments as a principal and added cross reference to approval from CBB's Capital market Supervision Directorate as well as requirements under Module OFS of Volume 6 of the CBB Rulebook. |
| AU-5.1.7A | 10/2014 | Clarified that any PPM issued to raise capital must comply with module OFS and is subject to the CBB's Capital Market Supervision Directorate's prior approval. |
| AU-A.1.11 | 07/2015 | Legal basis updated to reflect Resolution No (23) of 2015. |
| AU-3.2.1 | 07/2015 | Added cross reference to Module TC. |
| AU-5.2 | 07/2015 | Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons. |
| AU-5.5.5 | 07/2015 | Clarified interim arrangements for replacement of approved person. |