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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > AU Authorisation > AU-2 Licensing Conditions > AU-2.7 Condition 7: External Auditors and Reporting Actuaries > AU-2.7.1
  • AU-2.7 Condition 7: External Auditors and Reporting Actuaries

    • AU-2.7.1

      Article 61 of the CBB Law requires that insurance licenseesG appoint external auditorsG , subject to prior CBB approval. The minimum requirements regarding auditorsG contained in Module AA (Auditors and Actuaries) must be met.

      Amended: July 2007

    • AU-2.7.2

      Article 72 of the CBB Law requires that insurance firmsG authorised to undertake long-term businessG appoint an actuaryG , subject to prior CBB approval. The minimum requirements contained in Module AA (Auditors and Actuaries) regarding actuariesG must be met at all times.

      Amended: July 2007
      Amended: October 2007

    • AU-2.7.3

      Applicants must submit details of their proposed external auditorsG and, where relevant, actuaryG , to the CBB as part of their license application.

      Amended: July 2007
      Amended: October 2007

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