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CP-2.1.6

Without prejudice to the provisions of Paragraph CP-2.1.4 above, the Scheme will not apply to deposits which have, in the opinion of the Board, been illegally gained and/or relate to illicit or illegal matters. The Scheme will also not apply to deposits of:

(a) The Bahrain Government and Bahrain Government Agencies (which shall, for the purposes of this Regulation, mean entities in which the Bahrain Government holds 50% or more of the share capital);
(b) Other banks including, for the sake of clarity, the CBB;
(c) The parent, subsidiaries, associates or affiliates of the relevant bank;
(d) Directors, shareholders with more than 5% shareholding (ordinary and/or preference), or managers of the relevant bank; and/or
(e) Persons whose identity cannot be ascertained.
Amended: January 2011
October 07