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GR-5.1.2

Past version: effective from Oct 1 2007 - Sep 30 2011.
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There are strict limits on changes in the holdings of shares held by controllersG in Bahraini conventional bank licenseesG or the extent of voting control exercised by controllersG in Bahraini conventional bank licenseesG . These limits are outlined in Section GR-5.3. Failure to observe these limits may lead to imposition of Enforcement provisions of the Rulebook on the Licensee and other penalties on the controller under the provisions of the CBB Law as outlined in GR-5.1.1 above, including loss of voting power or transfer of shares.

October 07
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