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TC-1.1.7

In accordance with Paragraph AU-1.2.11A, an employee of appropriate standing must be designated by insurance licensees for the position of compliance officer. The duties of the compliance officer, who must have Bahraini residency, include:

(a) Having responsibility for oversight of the licensee’s compliance with the requirements of the CBB; and
(b) Reporting to the licensee’s Board in respect of that responsibility.
Added: October 2020