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Within 6 months of the license being issued, the new licensee must provide to the CBB:

(a) A detailed action plan for establishing the operations and supporting infrastructure of the bank, such as the completion of written policies and procedures, and recruitment of remaining employees (having regard to the time limit set by Article 48 (c) of the CBB Law);
(b) The registered office address and details of premises to be used to carry out the business of the proposed licensee;
(c) The address in the Kingdom of Bahrain where full business records will be kept;
(d) The licensee's contact details including telephone and fax number, e-mail address and website;
(e) A description of the business continuity plan;
(f) A description of the IT system that will be used, including details of how IT systems and other records will be backed up;
(g) A copy of the auditor's acceptance to act as auditor for the applicant;
(h) A copy of the applicant's notarised memorandum and articles of association, addressing the matters described in Paragraph LR-3.1.7;
(i) A copy of the Ministry of Industry & Commerce commercial registration certificate in Arabic and in English;
(j) A copy of the bank's business card and any written communication (including stationery, website, e-mail, business documentation, etc.) including a statement that the bank is licensed by the CBB specifying whether it is licensed either as an Islamic wholesale or Islamic retail bank; and
(k) Other information as may be specified by the CBB.
Amended October 2010
October 2007
(2 Versions)
Apr 1 2008 - Sep 30 2010Oct 1 2010 onwards
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