Central Bank of Bahrain Law: Contents

Central Bank of Bahrain and Financial Institutions Law 2006
Central Bank of Bahrain and Financial Institutions Law 2006 (English)
Central Bank of Bahrain and Financial Institutions Law
Skip to Content
Whole SectionText only Print Print Manager Link

Article (50) Case of Carrying on Business

(a) A Licencee shall not cease to provide any or all of the licenced regulated services, completely or at any of its branches, without obtaining a written approval from the Central Bank.
(b) The Central Bank may restrict its approval referred to in the preceding paragraph upon such conditions, as it deems necessary.
(c) The Licencee shall publish a notice of its intention to cease to provide any regulated service completely or at any of its branches, in two daily newspapers one in Arabic and the other in English, published in the Kingdom. Such notice shall be given, after receiving the approval of the Central Bank, not less than thirty days before the actual cessation is to take effect, and shall include such information as the Central Bank may specify.
 Versions
(1 Version)
 
Sep 7 2006 onwards
Back to top