Skip to Content
Whole SectionText only Print Print Manager Link

GR-5.3.1

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

All new controllers or prospective controllersG (as defined in Section GR-5.2) of a Bahraini conventional bank licensee must obtain the approval of the CBB. Any increases to existing controllers'G holdings or voting control (as outlined under paragraph GR-5.1.5) must also be approved by the CBB and are subject to the conditions outlined in this Section. Such changes in existing controllersG (as defined in the Section GR-5.2) or new/prospective controllersG of a conventional bank licenseeG must satisfy the CBB of their suitability and appropriateness according to the criteria outlined in paragraphs GR-5.3.6 to GR-5.3.8. The CBB will issue an approval notice or notice of refusal of a controller according to the Approval Process outlined in Section GR-5.4 and GR-5.1.6.

October 07
 Versions
(3 Versions)
 
Back to top