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CBB Rulebook: Contents

  • Common Volume
  • Central Bank of Bahrain Volume 1—Conventional Banks
  • Central Bank of Bahrain Volume 2—Islamic Banks
  • Central Bank of Bahrain Volume 3—Insurance
  • Central Bank of Bahrain Volume 4—Investment Business
  • Central Bank of Bahrain Volume 5—Specialised Licensees
    • Common Modules (Applicable to all Specialised Licensees)
    • Specific Modules (By Type of Licensee)
      • Type 1: Money Changers Licensees
      • Type 2: Representative Office Licensees
      • Type 3: Financing Companies
        • Part A
          • High Level Standards
            • AU Financing Companies Authorisation Module
              • AU-A Introduction
              • AU-B Scope of Application
              • AU-1 Authorisation Requirements
                • AU-1.1 Licensing
                • AU-1.2 Approved Persons
                  • General Requirement
                  • Basis for Approval
                    • AU-1.2.4
                  • Definitions
                • AU-1.3 Definition of Regulated Financing Company Services
                • AU-1.4 Shari'a Compliant Transactions
              • AU-2 Licensing Conditions
              • AU-3 Approved Persons Conditions
              • AU-4 Information Requirements and Processes
              • AU-5 License Fees
            • HC Financing Companies High-level Controls Module
            • GR Financing Companies General Requirements Module
          • Business Standards
          • Reporting Requirements
      • Type 4: Administrators
      • Type 5: Trust Service Providers
      • Type 6: Microfinance Institutions
      • Type 7: Ancillary Service Providers
    • Part B
    • Quarterly Updates
    • Ad-hoc Communications
    • Archive
  • Central Bank of Bahrain Volume 6—Capital Markets
  • Central Bank of Bahrain Volume 7—Collective Investment Undertakings
  • Bahrain Bourse (BHB) Material
  • Central Bank of Bahrain and Financial Institutions Law 2006
  • Bahrain Anti Money Laundering Law 2001
  • Regulation Governing Collective Investment Schemes June 2003
  • Bahrain Stock Exchange Law 1987
  • Bahrain Financial Trust Law 2006
  • Bahrain Insurance Law 1987
  • Bahrain Monetary Agency Law 1973
  • Commercial Companies Law 2001
  • CBB Disclosure Standards
  • CBB Debt Securities Guidelines
  • Ministerial Order — Money Laundering
  • CBB Resolution on Dissemination of Listed Companies' Financial Statements and Board of Directors' Meetings
  • CBB Regulations and Resolutions
  • The Corporate Governance Code of the Kingdom of Bahrain
  • Archive
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  1. Central Bank of Bahrain Volume 5—Specialised Licensees
  2. Specific Modules (By Type of Licensee)
  3. Type 3: Financing Companies
  4. Part A
  5. High Level Standards
  6. AU Financing Companies Authorisation Module
  7. AU-1 Authorisation Requirements
  8. AU-1.2 Approved Persons
  9. Basis for Approval
  10. AU-1.2.4
  Versions

 
  • Jan 01 2013 - Dec 31 2015
  • Jan 01 2016
‹ Basis for Approval Definitions ›

AU-1.2.4

Approval under Paragraph AU-1.2.1 is only granted by the CBB, if it is satisfied that the person is fit and proper to hold the particular position in the licensee concerned. 'Fit and proper' is determined by the CBB on a case-by-case basis. The definition of 'fit and proper' and associated guidance is provided in Sections AU-3.1 and AU-3.2 respectively.

Amended: January 2016
January 2013
‹ Basis for Approval Definitions ›

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