CM-A.3.2
A list of most recent changes made to this Module are detailed in the table below:
Summary of Changes
Module Ref. | Change Date | Description of Changes |
CM-2.2 | 1/10/05 | Role of Internal audit becomes a rule |
CM-7.4 | 1/10/05 | Clarification re non-compliant facilities |
CM-A.1 | 10/2007 | New Rule CA-A.1.4 introduced, categorising this Module as a Directive. |
CM-7 | 10/2007 | New Requirement to follow the "Code of best Practice on Consumer Credit and Charging |
CM-1.2 | 10/2007 | Membership of CRB |
CM-4.2 | 10/2007 | Clarification of definition of exposure |
CM-8 | 10/2007 | Re-organised the Chapter. |
CM-4.4 & 6.1 | 04/2008 | New Limits for significant shareholders and guidance on write-offs |
CM-7.6 | 04/2008 | New Insurance Refund and prepayment requirements |
CM-4.6 | 10/2009 | New reporting arrangements for exposures of connected counterparties. |
CM-A.1.3 | 01/2011 | Clarified legal basis. |
CM-4 | 01/2011 |
Changes made to incorporate CP-5 and large |
CM-A.2.4 | 04/2011 | Corrected cross reference in line with new limits introduced in January 2011. |
CM-4.2.1(c), CM-4.5.1 | 04/2011 | Corrected cross reference. |
CM | 07/2011 | Various minor amendments to clarify Rules and have consistent language. |
CM-4.4.10 | 07/2011 | Amended the definition of connected counterparties. |
CM-7.5.3 | 10/2011 | Clarified reference to APR. |
CM-7.5.9 and CM-7.5.10 | 10/2011 | Corrected elements of APR formula. |
CM-7.5.12 | 10/2011 | Deleted Paragraph as it does not reflect current practice on residual interest. |
CM-4.4.1E | 01/2012 | Amended definition of qualifying holdings |
CM-4.5 | 01/2012 | Clarified and amended the Rules on temporary exposures. |
CM-4.9.3 | 01/2012 | Clarified the Rule on future increases in qualifying holdings. |
CM-7.4.9 | 01/2012 | Changed Rule to Guidance. |
CM-4.5.2E and CM-4.5.2F | 04/2012 | Clarified Rule on temporary exposures. |
CM-A.2.9 | 07/2012 | Updated reference to Bahrain Association of Banks. |
CM-4.4.7 | 07/2012 | Clarified the definition of 'controlling interest'. |
CM-4.4.8A | 07/2012 | CBB prior approval required for excess over limits to connected counterparties. |
CM-4.4.10 | 07/2012 | Minor corrections. |
CM-4.9.3 | 07/2012 | Amendment made to be in line with updated definition of qualifying holdings. |
CM-7.5.4 | 07/2012 | Minor typo corrected. |
CM-7.5 | 10/2012 | This Section was deleted and requirements are now included in Section BC-4.2. |
CM-A.2.11 | 01/2013 | Clarified Rule related to the write-off of a credit facility. |
CM-4.4.13A | 07/2013 | Clarified Rule on the amount that must be deducted from the capital base where exposure exceeds the limit stipulated. |
CM-7.6.2 | 07/2013 | Clarified the type of mortgages on which the CBB imposes a ceiling on early repayment fees and/or charges. |
CM-1.2.4 | 10/2013 | Amended to reflect the expanded scope of activities of the Credit Reference Bureau and the membership requirements. |
CM-7.4.4 | 10/2013 | Updated reference to Eskan Bank to reflect new name. |
CM-1.2.4 | 01/2014 | Clarified Rule to apply to credit facilities to residents in Bahrain. |
CM-A.2, CM-4 and CM-8.1.19 | 04/2014 | Added cross references and corrected terminology to link to Glossary items. |
CM-5.1.1A | 04/2014 | Clarified Rules on staff loans. |
CM-7.2.4 | 04/2014 | Reference updated for the code of best practice on consumer credit and charging. |
CM-4.9.2A | 07/2014 | Added a guidance Paragraph to clarify the treatment of investments in commercial entities which are otherwise not connected to the bank. |
CM-A.2 and CM-4 | 01/2015 | Corrected to be aligned with updated requirements under module CA. |
CM-4.4.2 | 01/2015 | Added reference to transactions subject to the regulation on close-out netting under a market contract. |
CM-4.4.1B | 01/2015 | Corrected cross reference. |
CM-4.4.1E | 04/2015 | Deleted cross reference as not applicable. |
CM-4.4.13 | 04/2015 | Clarified that RIAs are excluded. |
CM-4.4.5, CM-4.5.2B, CM-4.5.9 and CM-4.9.10 | 04/2015 | Corrected reference to consolidated Total Capital to be in line with Module CA. |
CM-4.6.1 | 04/2015 | Added reference to Appendix BR-19 for reporting the financial details of each large exposure. |
CM-4.9.3 | 04/2015 | Clarified language on the treatment of significant investments over the thresholds outlined in Paragraph CA-2.4.25. |
CM-4.6.1, CM-4.6.1A and CM-4.6.1B | 07/2015 | Clarified the reporting requirements of exposures. |
CM-6.1 | 10/2015 | Amended Rules on write-offs. |
CM-4.4.1E | 10/2016 | Amended definition of 'Major investments'. |
CM-4.9 | 10/2016 | Amended 'Acquisitions' to be 'Investments' |
CM-4.9.3 | 10/2016 | Amended Major Investments approval |
CM-4.9.4 | 10/2016 | Changed 'major acquisition' to 'major investment'. |
CM-4.9.5 | 10/2016 | Changed 'significant investment' to 'major investment' |
CM-4.9.6 | 10/2016 | Moved to new section CM-4.10 |
CM-4.9.7 | 10/2016 | Moved to new section CM-4.10 |
CM-4.9.8 | 10/2016 | Moved to new section CM-4.10 |
CM-4.9.10 | 10/2016 | Changed 'acquisitions' to 'major investments'. |
CM-4.10 | 10/2016 | New Section — 'Limits on Significant Investments' |
CM-6.1 | 10/2016 | Amended the 'Write-offs' Section |
CM-7.4.5 | 10/2016 | Amendments to clarify the Rule |
CM-A.2.2A CM-4.4.3A |
01/2017 | Added a new requirement on Large Exposures. |
CM-4.4.6A CM-4.4.10B |
01/2017 | Added Paragraphs on closely related counterparties and connected counterparties. |
CM-3.6 | 07/2017 | Added new Section on 'Country and Transfer Risks'. |