Back Custom print Link Text Only Rich Text Print

  • BR-A.2 BR-A.2 Key Requirements

    • Power to Request Information

      • BR-A.2.1

        In accordance with Article 111 of the CBB Law, all licensed banks must provide all information that the CBB may reasonably request in order to discharge its regulatory obligations.

        Amended: October 2010

    • Regular Reporting — Annual Requirements

      • BR-A.2.2

        All Bahraini Conventional Banks Licensees in the Kingdom of Bahrain are required to submit to the CBB their annual audited financial statements (in compliance with the provisions set out under Section BR-1.1) no later than 3 months of the end of the bank's financial year. In addition, these banks are also required to submit supplementary information (as listed under Section BR-1.1) to the CBB.

        Amended: April 2019
        Amended: October 2010
        April 2008
        October 2007

      • BR-A.2.3

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

        Amended: April 2016
        Amended: October 2010
        October 2007

    • Regular Reporting — Semi-annual Requirements

      • BR-A.2.4

        All Bahrain retail branches of foreign banks are required to submit to the CBB 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 2 months from the reporting period end.

        Amended: April 2016
        Amended: April 2011
        Amended: October 2010
        October 2007

    • Regular Reporting — Quarterly Requirements

      • BR-A.2.5

        All Bahraini Conventional Banks Licensees in the Kingdom of Bahrain are required to submit to the CBB the following information on a quarterly basis:

        (a) PIR Forms and auditors reviews thereon (in accordance with the provisions set out under Section BR-3.1); and
        (b) Reviewed (unaudited) quarterly financial statements (in accordance with the provisions set out under Section BR-3.1).
        Amended: April 2019
        Amended: October 2011
        Amended: October 2010
        October 2007

      • BR-A.2.6

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

        Amended: July 2011
        Amended: October 2010
        October 2007

      • BR-A.2.7

        [This Paragraph was deleted July 2011].

    • Regular Reporting — Monthly Requirements

      • BR-A.2.8

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

        Amended: January 2011
        Amended: October 2010
        October 2007

      • BR-A.2.8A

        All banks licensed by the CBB in the Kingdom of Bahrain are required to report monthly to the CBB of all payments and transfers of funds amounting to BD 3,000 or above from accounts held by the bank for charitable organisations registered in the Kingdom of Bahrain (as required under Paragraphs BR-4.1.5 and FC-1.6.4).

        Added: October 2011

      • BR-A.2.9

        All Bahraini Conventional Banks Licensees listed on the Bahrain Stock Exchange are required to report to the Capital Markets Supervision Directorate of the CBB, on a monthly basis, information relating to their Directors' interests in the shares of Bahraini Conventional Banks Licensees listed on the Bahrain Stock Exchange and submit exposures to connected counterparties to Banking Supervision Directorate (in accordance with the provisions set out under Section BR-4.3).

        Amended: April 2019
        Amended: October 2010
        October 2009
        October 2007

    • IIS Reporting Requirements

      • BR-A.2.9A

        All banks licensed by the CBB are required to complete online non-financial information related to their institution by accessing the CBB's institutional information system (IIS) (as required under Section BR-4A.1).

        Amended: April 2012
        Added: January 2011

    • Ad-hoc Reporting and Notification

      • BR-A.2.10

        All banks licensed by the CBB in the Kingdom of Bahrain are required to notify and report to the CBB on the following matters in Section BR-5.1:

        (a) Large exposures;
        (b) Changes in strategy and/or corporate plan;
        (c) Changes in management;
        (d) [This sub-paragraph was deleted in July 2019];
        (e) Appointment of a Compliance Manager/Officer;
        (f) Money laundering and suspicious transactions;
        (g) [This sub-paragraph was deleted in October 2022];
        (h) Authorised signatories;
        (i) Material losses through loan write-offs, fraud or other events;
        (j) Material transfers of assets or liabilities; and
        (k) Enforcement actions imposed by host regulators on overseas subsidiaries and branches.
        Amended: October 2022
        Amended: October 2020
        Amended: July 2019
        Amended: October 2011
        Amended: October 2010
        April 2010
        October 2007

      • BR-A.2.11

        All Bahraini Conventional Banks Licensees are required to give the CBB immediate written notification of any actual breach by such bank of the minimum Risk Asset Ratio(s) (RAR) and to consult with the CBB prior to entering into any term borrowing arrangements (Section BR-5.2).

        Amended: April 2019
        Amended: April 2012
        Amended: October 2010
        October 2007

      • BR-A.2.12

        All retail banks licensed by the CBB in the Kingdom of Bahrain are required to notify the CBB on the introduction of new and expanded customers and products (Section BR-5.3).

        Amended: October 2011
        Amended: October 2010
        October 2007

      • BR-A.2.13

        Conventional bank licensees must clearly indicate the purpose of any communication addressed to the CBB. In cases of lack of response to such communication by the CBB, the licensee must not infer or assume implied acceptance, approval or acknowledgement of the contents of such communication.

        Added: October 2019