AU-2.1.1

Past version: Effective up to 30 Jun 2007
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The legal status of a Category 1 investment firm licensee or Category 2 investment firm licensee must be:

(i) a Bahraini joint stock company (BSC); or
(ii) a branch resident in Bahrain of a company incorporated under the laws of its territory of incorporation and (where local regulation so requires) authorized as market maker in that territory.