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  • BR-3 BR-3 Regular reporting — Quarterly requirements

    • BR-3.1 BR-3.1 Locally incorporated banks

      • BR-3.1.1

        The content of this section is applicable to all locally incorporated banks licensed by the Agency in the Kingdom of Bahrain.

      • Prudential Information Returns

        • BR-3.1.2

          PIR Forms — All banks, referred to under paragraph BR-3.1.1, must complete PIR forms (see Appendix BR 5), on a non-consolidated basis. This form is intended to be a financial report of the bank as a separate legal entity. Banks should therefore include on it all assets and liabilities of their head office and their branches in Bahrain and abroad. Separate figures in respect of the head office or "Bahrain operations" are not required.

        • BR-3.1.3

          PIRC Forms — Further, on a consolidated basis, PIRC forms (see Appendix BR 6) must also be completed in all cases where a Bahrain-incorporated bank owns subsidiary companies. Please refer to International Accounting Standards Nos. 22, 24 & 27 for definitions, accounting and consolidation requirements applicable to subsidiaries.

        • BR-3.1.4

          The forms referred to under paragraphs BR-3.1.2 and BR-3.1.3 should be submitted to the Agency on a quarterly basis within 20 calendar days of the end of the reporting date.

        • BR-3.1.5

          For guidance on completion of PIR and PIRC, refer to guidelines under Appendix BR 4.

        • BR-3.1.6

          The Agency requires all banks to request their external auditors to conduct a review of the prudential returns on a quarterly basis. The results of such review (in the form of a return review report) should be submitted to the Agency no later than 60 calendar days from the end of the subject quarter. A bank may apply for exemption from this requirement provided that it meets the criteria set out under paragraph BR-3.1.7 below.

        • BR-3.1.7

          Banks which demonstrate to the satisfaction of the Agency that they have fulfilled all of the Agency's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the Agency for an exemption from the review procedure set out in paragraph BR-3.1.6 above.

      • Financial information

        • BR-3.1.8

          All banks, referred to under paragraph BR-3.1.1, are required to submit to the Agency reviewed (unaudited) quarterly financial statements (in the same format as their Annual Audited Accounts) on a quarterly basis (within eight weeks of the date of these statements).

      • Compliance

        • BR-3.1.9

          The statements mentioned under paragraph BR-3.1.8 should be in compliance with the requirements set out under section PD-3.2.

      • Large exposure returns

        • BR-3.1.10

          All banks, referred to under paragraph BR-3.1.1, are required to report to the Agency all large exposures (in accordance with the rules and guidance set out under chapter CM-5) on a quarterly basis using the return provided in the Appendix BR 3.

      • Overseas branches

        • BR-3.1.11

          All banks, referred to under paragraph BR-3.1.1, are required to send a brief prudential report (see Appendix BR 11) for any individual overseas branch within one month of the end of the relevant quarter.

    • BR-3.2 BR-3.2 Branches of foreign banks

      • BR-3.2.1

        The content of this section is applicable to branches (licensed by the Agency) of foreign banks.

      • Prudential Information Returns

        • BR-3.2.2

          All branches, referred to under paragraph BR-3.2.1, are required by the Agency to complete PIRB forms (see Appendix BR 7) in accordance with guidelines set out under Appendix BR 4.

        • BR-3.2.3

          These should be submitted to the Agency no later than 20 calendar days from the end of the said quarter.

        • BR-3.2.4

          The Agency requires all banks to request their external auditors to conduct a review of the prudential returns on a quarterly basis. The results of such review (in the form of a return review report) should be submitted to the Agency no later than 60 calendar days from the end of the subject quarter. A bank may apply for exemption from this requirement provided that it meets the criteria set out under paragraph BR-3.2.5 below.

        • BR-3.2.5

          Banks which demonstrate to the satisfaction of the Agency that they have fulfilled all of the Agency's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the Agency for an exemption from the review procedure set out in section AU-3.2.

    • BR-3.3 BR-3.3 All licensed banks

      • BR-3.3.1

        The content of this section is applicable to all banks (licensed by the Agency) in the Kingdom of Bahrain.

      • Statistical returns

        • BR-3.3.2

          All banks, referred to under paragraph BR-3.3.1, are required to submit the following quarterly statistical returns to the Financial Stability Directorate of the Agency:

          (a) Form SR-3 — 'Quarterly Balance Sheet by Country and Class of Customer';
          (b) Form SR-4 — 'Quarterly Balance Sheet by Currency';
          (c) Form SR-5 — 'Quarterly Classification of Loans and Advances to Domestic Non-banks'.

          (For instructions relating to the completion of the above mentioned returns, refer to Appendix BR 1 and for returns forms refer to Appendix BR 2)

        • BR-3.3.3

          The returns included in Appendix BR 2 should be submitted to the Agency in electronic form (Excel spreadsheet) via email (to erdsr@bma.gov.bh) no later than the 10th of the month following the end of the relevant quarter. One printed copy should also be delivered to the Financial Stability Directorate by the same date.