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GR-5.1.1

Bahraini insurance licenseesG must obtain prior approval from the CBB for any of the following changes to their controllersG (as defined in Section GR-5.2):

(a) A new controllerG ;
(b) An existing controllerG increasing its holding from 10% to 20%;
(c) An existing controllerG increasing its holding from below 20% to 30%;
(d) An existing controllerG increasing its holding from below 30% to 40%;
(e) An existing controllerG increasing its holding to above 40% for licensees not listed on any exchange in Bahrain or abroad; and
(f) An existing controllerG reducing its holding to below 10%.
Amended: October 2015
Amended: January 2007
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