The CBB may direct a member to remove an officer from his office or employment under paragraph MIR-3.6.1 on any of the following grounds, without giving the member or that particular person an opportunity to be heard:

(a) The officer is an undischarged bankrupt whether in Bahrain or elsewhere;
(b) The officer has been convicted whether in Bahrain or elsewhere, of an offence:
1. Involving fraud or dishonesty, or the conviction for which involved a finding that he had acted fraudulently or dishonestly; and
2. Punishable with imprisonment for a term of 3 months or more.
Amended: April 2013
Adopted January 2010