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BR-2.3.15

Past version: Effective from 01 Apr 2011 to 31 Dec 2019
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As specified in Articles 51 and 57 of the CBB Law, a Bahraini investment firm licensee incorporated in Bahrain must seek CBB approval and give reasonable advance notice of its intention to enter into a:

(a) Enter into a merger with another undertaking;
(b) Enter into a proposed acquisition, disposal or establishment of a new subsidiary undertaking; or
(c) Open a new place of business as a subsidiary undertaking, a branch or a representative office within the Kingdom of Bahrain or other jurisdiction.
Amended: April 2011
Amended: October 2009
Adopted: July 2007