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GR-7.1.5

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

Once the conventional bank licenseeG believes that it has discharged all its remaining contractual obligations to depositors, clients and creditors, it must publish a notice in two national newspapers in Bahrain approved by the CBB (one being in English and one in Arabic), stating that it has settled all its dues and wishes to leave the market. According to Article 50 of the CBB Law, such notice shall be given after receiving the approval of the Central Bank, not less than 30 days before the actual cessation is to take effect.

October 07
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