AU-4.1.5
The Detailed Application Information submitted in support of an application must explain:
(a) An outline of the history of the applicant and its shareholders;
(b) The reasons for applying for a license, including the applicant's strategy and market objectives;
(c) The proposed type of activities to be carried on by the applicant in/from the Kingdom of Bahrain and an indication of the number of personnel to be assigned to the office;
(d) The name and position of the officer in the applicant's head office to whom the representative office manager will report and an outline of how the activities of the representative office are to be monitored to ensure that the CBB conditions are met on an on going basis; and
(e) Details of ownership of the applicant's head office in financial institutions located in Bahrain and an outline of the nature of the business carried on by those institutions.
December 2010