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CRA-10.3.15

As specified in Articles 51 and 57 of the CBB Law, a licensee incorporated in Bahrain must seek prior written approval of the CBB where it intends to:

(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 2023
Added: April 2019