OFS-1.5.3
In addition to the requirements of Paragraph OFS-1.5.2, and in order to meet the general requirements the
(a) Submit to the CBB the draft or final, duly signed Memorandum and Articles of Association;
(b) Submit all the relevant information in due time and form as required under this Module;
(c) Submit to the CBB all attachments with its application including the required declarations, as stipulated under this Module;
(d) Appoint its relevant advisors for the purposes of its application, as required under this Module and disclose these to the CBB;
(e) Confirm that it will comply with all the "fit and proper" provisions contained in the relevant Bahraini Corporate Governance Code and Module HC (Corporate Governance) Volume 6, as applicable;
(f) Confirm that it will adhere to its ongoing obligations and the disclosure requirements; and
(g) Submit to the CBB at least 2 independent valuation reports in respect of the assets used as underlying assets for asset backed securities being issued or offered.
January 2014