Where a conventional bank licensee seeks the CBB’s prior approval, as required under Paragraph CM-3.1.1, in its request it must confirm that the employee loan is in line with the licensee’s Board-approved policy. The request must also confirm that the licensee has made an internal assessment and evaluation when reaching the decision to grant the employee loan and that all necessary internal approvals have been obtained. The licensee must also obtain the necessary credit reference information from the Bahrain Credit Reference Bureau.