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The CBB may direct a licenseeG to remove an approved personG from his office or employment under Paragraph MAE-5.3.23 on any of the following grounds, without giving the approved personG an opportunity to be heard:

(a) The approved personG is an undischarged bankrupt whether in Bahrain or elsewhere;
(b) The approved personG has been convicted whether in Bahrain or elsewhere, of an offence:
(i) Involving fraud or dishonesty, or the conviction for which involved a finding that he had acted fraudulently or dishonestly; and
(ii) Punishable with imprisonment for a term of 3 months or more.
Added: April 2013
(1 Version)
Apr 1 2013 onwards
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