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BR-2.3.7

In accordance with Section GR-5.1, a Bahraini insurance licenseeG must seek CBB approval and give reasonable advance notice of any of the following events concerning the insurance licenseeG :

(a) A person acquiring control or ceasing to have control;
(b) An existing controllerG acquiring an additional type of control (such as ownership or significant influence) or ceasing to have a type of control;
(c) An existing controllerG increasing his or her percentage in the issued or paid up capital or voting power beyond 10%, 20%, 30% or 40%; and
(d) An existing controllerG becoming or ceasing to be a parent undertakingG .
Amended: October 2015
Amended: January 2007
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