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  • BR-A.2 BR-A.2 Key requirements

    • Regular reporting — Annual requirements

      • BR-A.2.1

        All locally incorporated banks in the Kingdom of Bahrain are required to submit to the Agency their annual reports (in compliance with the provisions set out under section BR-1.1) no later than the end of 3 calendar months from the date of such reports. In addition, these banks are also required to submit supplementary information (as listed under section BR-1.1) to the Agency.

      • BR-A.2.2

        All Bahrain branches of foreign banks are required to submit to the Agency their annual audited financial statements (in compliance with the provisions set out under section BR-1.2) no later than the end of 3 calendar months from the date of such statements. In addition, these banks are also required to submit supplementary information (as listed under section BR-1.2) to the Agency.

    • Regular reporting — Semi-annual requirements

      • BR-A.2.3

        All FCB Bahrain branches of foreign banks are required to submit to the Agency their Balance Sheet and Profit and Loss Accounts (in compliance with the provisions set out under section BR-2.1) no later than the end of 8 weeks from the date of such statements.

    • Regular reporting — Quarterly requirements

      • BR-A.2.4

        All locally incorporated banks in the Kingdom of Bahrain are required to submit to the Agency the following information on a quarterly basis:

        (a) PIR Forms (in accordance with the provisions set out under section BR-3.1);
        (b) reviewed (unaudited) quarterly financial statements (in accordance with the provisions set out under section BR-3.1); and
        (c) large exposure returns (in accordance with the provisions set out under section BR-3.1).

      • BR-A.2.5

        All Bahrain branches of foreign banks are required to submit to the Agency PIRB Forms (in accordance with the provisions set out under section BR-3.2).

      • BR-A.2.6

        All banks licensed by the Agency in the Kingdom of Bahrain are required to submit to the Agency quarterly statistical returns as required under section BR-3.3).

    • Regular reporting — Monthly requirements

      • BR-A.2.7

        All banks licensed by the Agency in the Kingdom of Bahrain are required to submit to the Agency monthly statistical returns as required under section BR-4.1).

      • BR-A.2.8

        All locally incorporated banks listed on the Bahrain Stock Exchange are required to report to the Capital Markets Supervision Directorate of the Agency, on a monthly basis, information relating to their Directors' interests in the shares of locally incorporated banks listed on the Bahrain Stock Exchange (in accordance with the provisions set out under section BR-3.1).

    • Ad-hoc reporting and notification

      • BR-A.2.9

        All banks licensed by the Agency in the Kingdom of Bahrain are required to notify and report to the Agency on the following matters:

        (a) large exposures;
        (b) changes in strategy and/or corporate plan;
        (c) changes in management;
        (d) changes in dealing staff;
        (e) appointment of a Compliance Manager/Officer;
        (f) money laundering and transfers by charitable organisations;
        (g) promotion of financial products and services;
        (h) authorised signatories;
        (i) material losses through loan write-offs, fraud or other events.

      • BR-A.2.10

        All locally incorporated banks are required to give the Agency immediate written notification of any actual breach by such bank of the minimum Risk Asset Ratio(s) (RAR) in accordance with section BR-5.2.

      • BR-A.2.11

        All FCBs banks licensed by the Agency in the Kingdom of Bahrain are required to notify and report to the Agency on the introduction of new and expanded customers and products (section BR-5.3).