Versions

 

AU-1.1.11

In addition to the licensing conditions specified in Chapter AU-2 the CBB, in considering an application shall also take into consideration the following:

(a) The reputation and financial standing (including financial standing on a consolidated basis) of the applicant,
(b) The consolidated supervisory arrangements, if any, for the applicant in any other jurisdiction and the opinion of the relevant supervisory authority therefore,
(c) The previous 3 years track-record, as a minimum, of the applicant, its owners and management, both as regards probity and in relation to the activities to be undertaken, and
(d) The suitability of the proposal and the effect on the financial sector in Bahrain of the applicant being granted a license.
December 2010