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Location: Central Bank of Bahrain Volume 4—Investment Business > Part A > High Level Standards > PB Principles of Business > PB-B Scope of Application > PB-B.1 Scope of Application > PB-B.1.3
  • PB-B.1 Scope of Application

    • PB-B.1.1

      The 10 Principles of Business apply to all CBB investment firm licenseesG , in accordance with Paragraph PB-B.1.2. Principles 1–8 (Paragraphs PB-1.1 to PB-1.8 inclusive) also apply to all approved personsG , in accordance with Paragraph PB-B.1.3.

      Amended: January 2007

    • PB-B.1.2

      Principles 1 to 10 apply to activities carried out by the licensee, including activities carried out through overseas branches (if any). Principles 9 and 10 also take into account any activities of other members of the group of which the licensee is a member.

    • PB-B.1.3

      Principles 1 to 8 apply to approved personsG in respect of the controlled functionG for which they have been approved.

    • PB-B.1.4

      Principles 1 to 8 do not apply to behaviour by an approved personG with respect to any other functions or activities they may undertake. However, behaviour unconnected to their controlled functionG duties may nonetheless be relevant to an assessment of that person's fitness and propriety.

    • PB-B.1.5

      The CBB's requirements regarding approved personsG and controlled functionsG are located in Module AU (Authorisation).

      Amended: January 2007

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