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  • Corporate Records

    • GR-1.3.1

      Conventional bank licensees must maintain the following records in original form or in hard copy at their premises in Bahrain:

      (a) internal policies, procedures and operating manuals;
      (b) corporate records, including minutes of shareholders', Directors' and management meetings;
      (c) correspondence with the BMA and records relevant to monitoring compliance with BMA requirements;
      (d) reports prepared by the conventional bank licensee's internal and external auditors; and
      (e) employee training manuals and records.

    • GR-1.3.2

      In the case of Bahraini conventional bank licensees, these requirements apply to the licensee as a whole, including any overseas branches. In the case of overseas conventional bank licensees, all the requirements of Chapter GR-1 are limited to the business booked in their branch in Bahrain and the records of that branch (see Rule GR-1.1.1). They are thus not required to hold copies of shareholders' and Directors' meetings, except where relevant to the branch's operations.