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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-6.2 Definition of Close Links
  • GR-6.2 Definition of Close Links

    • GR-6.2.1

      An investment firm licenseeG ('L') has close links with another undertaking ('U'), if:

      (a) U is a parent undertakingG of L;
      (b) U is a subsidiary undertakingG of L;
      (c) U is a subsidiary undertakingG of a parent undertakingG of L;
      (d) U, or any other subsidiary undertaking of its parent, owns or controls 20% or more of the voting rights or capital of L; or
      (e) L, any of its parent or subsidiary undertakings, or any of the subsidiary undertakings of its parent, owns or controls 20% or more of the voting rights or capital of U.
      Amended: July 2007

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