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HC-B.1.5

In assessing compliance with Paragraph HC-B.1.4, the CBB will take into account regulatory requirements applicable to the parentG entity, as well as the governance and systems and controls arrangements actually implemented by the parentG entity and applied to the Bahrain operation. With the exception of specific requirements that explicitly apply to overseas insurance licenseesG (i.e. Paragraph HC-B.1.4), overseas insurance licenseesG should consider the remaining contents of this Chapter as guidance, in judging whether high-level controls applied to the branch satisfy HC-B.1.4.

January 2011
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Jan 1 2011 onwards
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