AU-4.1.13
Within 6 months of the license being issued, the
(a) A detailed action plan for establishing the operations and supporting infrastructure of the licensee , such as the completion of written policies and procedures, and recruitment of remaining employees (having regard to the time limit set by Article 48 (c) of the CBB Law);
(b) The registered office address and details of premises to be used to carry out the business of the proposed licensee ;
(c) The address in the Kingdom of Bahrain where full business records will be kept;
(d) The licensee's contact details including telephone and fax number, e-mail address and website;
(e) A description of the business continuity plan;
(f) A description of the IT system that will be used, including details of how IT systems and other records will be backed up;
(g) A copy of the external auditor's acceptance to act as an external auditor for the applicant;
(h) A copy of the Ministry of Industry & Commerce commercial registration certificate in Arabic and English languages;
(i) A copy of the licensee's business card and any written communication (including stationery, website, e-mail, business documentation, etc.) including a statement that the microfinance institution is licensed by the CBB;
(j) An updated organisation chart showing the reporting lines, committees (if any) and including the names of the persons undertaking the controlled functions ;
(k) A copy of the applicant's notarised memorandum and articles of association, addressing the matters described in Paragraph AU-4.1.7; and
(l) Other information as may be specified by the CBB.
January 2014