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Location: Central Bank of Bahrain Volume 4—Investment Business > Part A > High Level Standards > GR General Requirements > GR-6 Close Links > GR-6.1 Key Provisions > GR-6.1.1
  • GR-6.1 Key Provisions

    • GR-6.1.1

      Condition 3 of the CBB's licensing conditions specifies, amongst other things, that investment firm licenseesG must satisfy the CBB that their close linksG do not prevent the effective supervision of the licenseeG and otherwise pose no undue risks to the licenseeG . (See Paragraph AU-2.3.1).

      Amended: July 2007

    • GR-6.1.2

      Applicants for an investment firm licenseG must provide details of their close linksG , as provided for under Form 1 (Application for a License). (See Paragraph AU-5.1.1).

    • GR-6.1.3

      Investment firm licenseesG must submit to the CBB, within 3 months of their financial year-end, a report on their close linksG . The report must identify all undertakings closely linked to the licenseeG , as defined in Section GR-6.2.

      Amended: July 2007

    • GR-6.1.4

      Investment firm licenseesG may satisfy the requirement in Paragraph GR-6.1.3 by submitting a corporate structure chart, identifying all undertakings closely linked to the licenseeG .

      Amended: July 2007

    • GR-6.1.5

      Investment firm licenseesG must provide information on undertakings with which they are closely linked, as requested by the CBB.

      Amended: July 2007

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