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GR-8.1.7

When the CBB has given its approval to an application to cease business, the licenseeG must publish a notice of its intention to cease business in two local newspapers (one in Arabic, the other in English). Notices must also be displayed in the premises (including any branch offices) of the licensee concerned. These notices must be given not less than 30 calendar days before the cessation is to take effect, and must include such information as the CBB may specify. If the insurance licenseeG had entered into direct contracts of insuranceG relating to risks situated in a jurisdiction other than Bahrain, a notice must also be published in two national newspapers in the jurisdiction concerned.

Amended: October 2011
Amended: October 2007
Adopted: July 2007
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