Regulatory Alerts2010-12-01
Volume 5 Draft Common and Specific Modules for Representative Office Licensees
The Central Bank of Bahrain issued a feedback statement addressing industry comments on the Representative Offices Rulebook consultation. The revised framework amends service definitions to explicitly include wholly owned subsidiaries and mandates a ten-year retention period for corporate records while grandfathering historical non-English or Arabic documents. Furthermore, the regulator confirmed that licensees must submit their parent company annual report within six months of the financial year end to maintain compliance.
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