AU-4.1.4

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Past version: Effective from 01 Oct 2010 to 31 Dec 2010
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Unless otherwise directed by the CBB, the following documents must be provided in support of a Form 1:

(a) A duly completed Form 2 (Application for Authorisation of Controller) for each controller of the proposed licensee;

(b) A duly completed Form 3 (Application for Approved Person status), for each individual proposed to undertake controlled functions (as defined in Rule AU-1.2.2 ) in the proposed licensee;

(c) A comprehensive business plan for the application, addressing the matters described in AU-4.1.6;

(d) Where the applicant is an existing Bahraini company, a copy of the applicant's commercial registration certificate;

(e) A certified copy of a Board resolution of the applicant, confirming its decision to seek a CBB Money Changer license;

(f) In the case of applicants that are part of a group, copies of the audited financial statements of the applicant's group, for the three years immediately prior to the date of application;

(g) In the case of applicants not falling under (f) above, copies of the audited financial statements of the applicant's major shareholder (where a legal person), for the three years immediately prior to the date of application;

(h) In the case of applicants seeking to raise part of their capital through a private placement, a draft of the relevant private placement memorandum, together with a formal, independent legal opinion that the memorandum comply with all applicable capital markets laws and regulations;

(i) A copy of the applicant's memorandum and articles of association (in draft form for applicants creating a new company) addressing the matters described in AU-4.1.8; and

(j) An acceptably worded letter of comfort from the major shareholder.

October 2010