PD-1.4 PD-1.4 Additional disclosure in the annual audited financial statements of banks listed on the Bahrain Stock Exchange (BSE)
PD-1.4.1
The content of this section is applicable only to locally incorporated banks listed on the Bahrain Stock Exchange (BSE).
PD-1.4.2
The disclosure requirements set out in this section for banks referred to under paragraph PD-1.4.1 are in addition to those set out in Section PD-1.3.
Interests of Directors, chief executive officers and managers
PD-1.4.3
Without prejudice to any other requirement of Bahrain law (or any other direction of the Agency), the Directors' Report section of the annual audited financial statements of banks should contain details of the interests of Directors, chief executive officers and managers (persons as defined under section PD-1.1, respectively) in the shares of such banks. Such details should include:
(a) total interests in the shares of such banks by individual persons mentioned above, and(b) changes in such interests from the previous financial year to the current financial year.PD-1.4.4
For the purpose of the disclosure required under paragraph PD-1.4.3, any interests in the shares of a bank held by the spouse(s) or children of a Director, or any other person the control of whose interests in such shares lies ultimately with the Director, shall be deemed to be the interests of the relevant Director. For a definition of 'interest in the shares', see paragraph PD-1.1.2(d).
