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GR-5.1.5

Past version: effective from Oct 1 2007 - Dec 31 2010.
To view other versions open the versions tab on the right.

Bahraini Conventional bank licenseesG must obtain prior approval from the CBB for any of the following changes to their controllersG (as defined in Section GR-5.2 and subject to the limits as outlined in GR-5.3):

(a) a new controllerG ;
(b) an existing controller increasing its holding from below 20% to 20%;
(c) an existing controller increasing its holding from above 20% to 30%;
(d) an existing controller increasing its holding above 30% to 40%.
October 07
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