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AU-2.1.3

A Bahraini SPV is a category of a closed Bahraini joint stock company (BSC(c)). The minimum capital required by the Ministry of Commerce and Industry to incorporate such a company is much lower than for other types of companies, at BD 1,000. In addition, however, captive insurersG must satisfy the CBB's capital requirements for captives, as set out in Module CA (Capital Adequacy).

Amended: July 2007
Amended: January 2008
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