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Location: Central Bank of Bahrain Volume 6—Capital Markets > Part A > Institutions > MAE — Markets and Exchanges > MAE-5 Matters Requiring Approval of CBB > MAE-5.3 Authorisation of Approved Persons > Assessment of Application > MAE-5.3.14
  • Assessment of Application

    • MAE-5.3.14

      The CBB shall review and assess the application for approved personG status to ensure that it satisfies all the conditions required in Paragraph MAE-5.3.8A and the criteria outlined in Paragraph MAE-5.3.8C.

      Amended: April 2016
      Added: April 2013

    • MAE-5.3.14A

      For purposes of Paragraph MAE-5.3.14, licenseesG should give the CBB a reasonable amount of notice in order for an application to be reviewed. The CBB shall respond within 15 business days from the date of meeting all required conditions and regulatory requirements, including but not limited to, receiving the application complete with all the required information and documents, as well as verifying references.

      Added: April 2016

    • MAE-5.3.15

      The CBB reserves the right to refuse an application for approved personG status if it does not satisfy the conditions provided for in Paragraph MAE-5.3.8A and the criteria outlined in Paragraph MAE-5.3.8C. A notice of such refusal is issued by registered mail to the licenseeG concerned, setting out the basis for the decision.

      Amended: April 2016
      Added: April 2013

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