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-2 Licensing Conditions

AU-2.1 Condition 1: Legal Status

AU-2.2 Condition 2: Mind and Management

AU-2.2.1

AU-2.3 Condition 3: Controllers and Close Links

AU-2.4 Condition 4: Board and Employees

AU-2.5 Condition 5: Financial Resources

AU-2.6 Condition 6: Systems and Controls

AU-2.7 Condition 7: External Auditors and Reporting Actuaries

AU-2.8 Condition 8: Other Requirements

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-2 Licensing Conditions > AU-2.2 Condition 2: Mind and Management > AU-2.2.1

AU-2.2 Condition 2: Mind and Management

AU-2.2.1

Insurance licensees^G with their Registered Office in the Kingdom of Bahrain must maintain their Head Office in the Kingdom. Overseas insurance licensees^G must maintain a local management presence and premises in the Kingdom appropriate to the nature and scale of their activities.

AU-2.2 Condition 2: Mind and Management

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