GR-5.3.3

Past version: Effective from 01 Apr 2008 to 30 Sep 2009
To view other versions open the versions tab on the right

Finally, natural persons who intend to take a stake of 20% or more in a Bahraini investment firm licensee are subject to enhanced scrutiny, given the CBB's position as home supervisor of such licensees. The level of scrutiny and the expected compliance with the above standards become more onerous as the level of proposed ownership increases. Natural persons will not normally be approved to take majority control (i.e. a stake of 50% or more of either the capital or voting rights) of a Bahraini investment firm licensee.

Amended: April 2008
Amended: July 2007