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AU-2.2.2

In assessing the location of an insurance licensee'sG Head Office, the CBB will take into account the residency of its Directors and senior management. The CBB requires the majority of key decision makers in executive management — including the Chief Executive OfficerG — to be resident in Bahrain. In the case of overseas licensees, the CBB requires the branchG or subsidiaryG of a foreign owned company to have a substantive presence, demonstrated by a level of staff and other resources sufficient to ensure adequate local scrutiny and control over business booked in the Bahrain branchG or subsidiaryG .

Amended: July 2007
 Versions
(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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