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MIR-6.1.13

A licensed member shall not perform any of the following without prior written approval of the CBB:

(a) Merge, amalgamate or enter into a partnership with any person in Bahrain or elsewhere, except in the ordinary course of business;
(b) Transfer all or a major part of its assets or liabilities in Bahrain or elsewhere, without prejudice to the provisions of Chapter 6 (Articles 66, 67 & 68) of the CBB Law;
(c) Make any modification to its issued or paid-up share capital;
(d) Modify its Memorandum and Articles of Association;
(e) Engage in major acquisition or investment operations as determined by the CBB.
Amended: April 2013
Adopted January 2010