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Article 85

A — Without prejudice to any of the provisions of the laws in force in the State of Bahrain in respect of companies, if any person acting as director, manager or official responsible for the direction or management of a banking firm, is convicted of a crime affecting honesty or is declared bankrupt, or if his legal capacity is totally or partially impaired by Court decision, such person shall be considered removed from his office.
B — A person who was acting as a director, manager or official responsible for the direction or management, or was directly or indirectly involved in the direction or management of a banking firm in respect of which a decision was issued cancelling its license, shall not act or continue to act in such capacity or be directly or indirectly involved in the management of any other banking firm without the Agency's approval.