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Location: Central Bank of Bahrain Volume 4—Investment Business > Part A > Reporting Requirements > BR CBB Reporting > Chapter BR-2 Notifications and Approvals > BR-2.2 Notification Requirements > Legal, Professional, Administrative or other Proceedings Against an Investment Firm Licensee
  • Legal, Professional, Administrative or other Proceedings Against an Investment Firm Licensee

    • BR-2.2.4

      An investment firm licenseeG must notify the CBB immediately of any legal, professional or administrative or other proceedings instituted against the investment firm licenseeG , controllerG or a close linkG including a parent undertakingG of the investment firm licenseeG that is known to the investment firm licenseeG and is significant in relation to the investment firm licensee'sG financial resources or its reputation.

      Amended: October 2009
      Adopted: July 2007

    • BR-2.2.5

      An investment firm licenseeG must notify the CBB of the bringing of a prosecution for, or conviction of, any offence under any relevant law against the investment firm licenseeG that would prevent the investment firm licenseeG from meeting the Principles or Business (Module PB) or any of its DirectorsG , officers or approved personsG from meeting the fit and proper requirements of Module AU.

      Amended: October 2013
      Adopted: October 2009

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