In applying Rule RP-6.2.1, the CBB will allow 'hub and spoke' arrangements, provided that:
(a) A suitably licensed office is maintained in Bahrain, through which the CBB can access the
(b) The overseas office belongs to the same group as the Bahrain
custodian, and regulated by a reputable regulatory authority acceptable to the CBB ;
(c) The custodian retains ultimate responsibility for the
CIU's assets; and
(d) Suitable outsourcing arrangements have been put in place.