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  • UG-A.1 UG-A.1 Purpose

    • UG-A.1.1

      The Bahrain Monetary Agency ("the BMA"), in its capacity as the regulatory and supervisory authority for all financial institutions in Bahrain, issues regulations that licensees are legally obliged to comply with. These regulations are contained in the BMA Rulebook.

    • UG-A.1.2

      The Rulebook is divided into 5 Volumes, covering different areas of financial services activity. Volume 1 (Conventional Banks) covers all conventional banks licensed by the Agency. Islamic banks are covered in Volume 2. Volume 3, covering insurance licensees, was issued in April 2005. Volume 4 is being issued in two phases, starting in April 2006. Representative offices of banks and specialised licensees are in Volume 5, which will be issued in 2007.

    • UG-A.1.3

      This Users' Guide provides guidance on:

      (a) the status and application of the Rulebook, with specific reference to Volume 1 (Conventional Banks);
      (b) the structure and design of the Rulebook; and
      (c) its maintenance and version control.