A — Banking firms operating in the State of Bahrain may not, without the prior approval of the Agency:
1 — Merge or combine with others.
2 — Transfer all, or a major part of their assets or liabilities in the State of Bahrain, except so far as such transfer is effected within the normal scope of their operations.
3 — Make any modification in their capital.
4 — Modify their Memorandum of Association, by laws, or any other document pertaining to their organization.
B — The Agency's Board of Directors shall lay down a special regulation containing the rules and formalities to be followed by banking firms when merging or combining together.