(1) He shall be a Bahraini national.

(2) He shall be entitled to fully exercise his civil and political rights.

(3) He shall be experienced in the financial services industry.

(4) He shall not have any conviction of a crime involving dishonesty.

(5) He shall not be a holder of more than 5% of the capital of, or voting rights in, any Licencee.

(6) He shall not hold a position with any Licencee.

(7) He shall not have been declared bankrupt.