‹ Requirement to be Licensed CSD-1.1.1A › CSD-1.1.1 As per Article 40 of the CBB Law, no person shall operate or hold himself out as a licensed clearing house or licensed central depository in the Kingdom of Bahrain, unless he has been licensed by the CBB under this section. Amended: April 2016 ‹ Requirement to be Licensed CSD-1.1.1A ›