Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 3: Contents

Central Bank of Bahrain Volume 3—Insurance

High Level Standards

AU Authorisation

AU-A Introduction

AU-B Scope of Application

AU-1 Authorisation Requirements

AU-1.1 Insurance Licensees

AU-1.2 Approved Persons

General Requirement

Basis for Approval

AU-1.2.11A

AU-1.3 Registered Actuaries and Loss Adjusters

AU-1.3A Registered Appointed Representatives

AU-1.4 Definition of Regulated Insurance Services

AU-2 Licensing Conditions

AU-3 Approved Persons Conditions

AU-4 Registration Conditions

AU-5 Information Requirements and Processes

AU-6 Licensing and Registration Fees

PB Principles of Business

HC High-Level Controls

AA Auditors and Actuaries

GR General Requirements

Business Standards

Reporting Requirements

Enforcement & Redress

Quarterly Updates

Ad-hoc Communications

Archived Part A

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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > AU Authorisation > AU-1 Authorisation Requirements > AU-1.2 Approved Persons > Definitions > AU-1.2.11A

AU-1.2.11A

All insurance licensees^G must designate an employee^G , of appropriate standing and resident in Bahrain, as Compliance Officer. The duties of the Compliance Officer include:

(a) Having responsibility for oversight of the licensee's compliance with the requirements of the CBB; and

(b) Reporting to the licensee's Board in respect of that responsibility.

Added: April 2011

Versions
(1 Version)

Apr 1 2011 onwards

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