CRA-1.2.26

Prior to commencement of operation the new licensee must provide to the CBB (if not previously submitted):

(a) The registered office address and details of premises to be used to carry out the business of the proposed licensee;
(b) [This Sub-paragraph was deleted in April 2023];
(c) The licensee's contact details including telephone and fax number, e-mail address and website;
(d) [This Sub-paragraph was deleted in April 2023];
(e) [This Sub-paragraph was deleted in April 2023];
(f) A copy of the auditor's acceptance to act as auditor for the applicant;
(g) A certificate from a retail bank operating in Bahrain certifying that the capital is deposited;
(h) A copy of the licensee's professional indemnity insurance policy;
(i) A copy of the applicant's notarized memorandum and articles of association, addressing the matters described in Paragraph CRA-1.2.9;
(j) A copy of the commercial registration certificate in Arabic and in English from the Ministry of Commerce, Industry and Tourism;
(k) [This Sub-paragraph was deleted in April 2023];
(l) Any other information as may be specified by the CBB;
(m) A written confirmation, addressed to the CBB, from a licensed retail bank, stating that necessary banking arrangements, including opening of accounts (both corporate account and client money account) has been made by the applicant; and
(n) Where the licensee has entered into an agreement with a third party, other than a licensed bank, for the purpose of transfer of funds, a copy of the written agreement between the licensee and the third party.
Amended: April 2023
Added: April 2019