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  • GR-A.2 GR-A.2 Module History

    • Evolution of Module

      • GR-A.2.1

        This Module was first issued in July 2006, with immediate effect, as a new Module aimed at aligning the structure and contents of Volume 1 with other Volumes of the CBB Rulebook. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

        Amended: January 2014
        October 07

      • GR-A.2.2

        The October 2007 version incorporates the requirements relating to controllers, previously contained in Chapter HC-2 of the High-Level Controls Module. It also expands on certain requirements contained in the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006).

        October 07

      • GR-A.2.3

        A list of recent changes made to this Module is detailed in the table below:

        Module Ref.Change DateDescription of Changes
        GR-4, GR-5.4, GR-710/2007Administrative changes due to implementation of CBB Law. Revised notification deadlines etc.
        GR-110/2007This Chapter has been relocated to OM Module.
        GR-810/2007CBB Fees Chapter has been transferred to Module LR.
        GR-504/2008New notification and approval requirements in respect of "Controllers"
        GR-5.301/2010Revised approval threshold for controllers which are financial institutions.
        GR01/2011Various minor amendments to ensure consistency in CBB Rulebook.
        GR-A.1.2 and A.1.301/2011Added legal basis.
        GR-3.1.104/2011Clarified Rule pertaining to announcement of dividend.
        GR-4.1204/2011Deleted reference to outsourcing.
        GR-4.107/2011Regulation under consultation.
        GR-A.1.2 and GR-5.3.5A10/2011New reference added to reflect the issuance of Resolution No.(43) of 2011, and reference made to controllers.
        GR-3.110/2011Clarified guidance Paragraphs on CBB's non-objection for dividends.
        GR-5.2.210/2011Clarified the definition of "associate".
        GR-710/2011Chapter redrafted to be consistent with other Volumes of the CBB Rulebook.
        GR-5.3.807/2012Percentage amended to be consistent with Paragraph GR-5.3.5.
        GR-A.1.210/2012Updated legal basis.
        GR-410/2012Amended to reflect the issuance of Resolution No.(33) of 2012.
        GR-4.2.301/2013Specified timeline for CBB preliminary assessment.
        GR-5.4.1 and GR-5.4.304/2013Changed Rules to Guidance.
        GR-507/2013Changes made to be in line with Regulation No.(31) for the year 2008.
        GR-A.2.101/2014Deleted repetitive sentence.
        GR-7.1.1210/2016Added additional requirements for cessation of business to be in line with all Volumes.
        GR-5.1.701/2017Consistency of notification timeline rule on Controllers with other Volumes of the CBB Rulebook.
        GR-4.2.607/2017Corrected cross reference.
        GR-3.1.310/2017Amended paragraph and changed from Guidance to Rule.
        GR-604/2019Added new Section on Open Banking.
        GR-B.1.204/2020Amended Paragraph.
        GR-B.1.304/2020Amended Paragraph.
        GR-2.1.204/2020Amended Paragraph.
        GR-4.1.504/2020Amended Paragraph.
        GR-4.3.2 (d)04/2020Amended sub-Paragraph.
        GR-5.1.104/2020Amended Paragraph.
        GR-5.1.1004/2020Amended Paragraph.
        GR-7.1.404/2020Amended Paragraph.
        GR-7.1.1204/2020Amended Paragraph.
        GR-901/2021Added a new Chapter on Prepaid Cards.
        GR-507/2021Deleted Chapter and superseded by Resolution No. 16 of 2021.
        GR-6.1.307/2021Amended Paragraph.
        GR-6.1.507/2021Amended Paragraph.
        GR-6.1.707/2021Amended Paragraph.
        GR-6.1.807/2021Added a new Paragraph on access to customer information and data.
        GR-6.2.107/2021Amended Paragraph.
        GR-6.2.307/2021Amended Paragraph.
        GR-6.2.607/2021Amended Paragraph.
        GR-6.3.807/2021Paragraph moved to GR-6.1.7.
        GR-6.3.1207/2021Amended Paragraph.
        GR-6.3.1307/2021Amended Paragraph.
        GR-6.3.1407/2021Amended Paragraph.
        GR-6.3.1507/2021Amended Paragraph.
        GR-6.4.107/2021Amended Paragraph.
        GR-6.4.207/2021Amended Paragraph.
        GR-6.507/2021Deleted Section.
        GR-2.1.101/2022Amended Paragraph.
        GR-6.1.504/2022Amended Paragraph on MCCs.
        GR-6.1.804/2022Amended Paragraph on payment data provided including MCCs.
        GR-6.2.504/2022Amended Paragraph on Bahrain Open Banking Framework Developer Portal.
        GR-307/2023Amended Chapter on Dividends and Profit Repatriation.
        GR-301/2024Amended Chapter on Dividends and Profit Repatriation.
        GR-6.1.305/2024Amended Paragraph on access grant to PISPs and AISPs.
        GR-6.1.805/2024Amended Paragraph on sharing information of customer account activity with PISPs and AISPs.
        GR-6.1.8A05/2024Added a new Paragraph on access timeline.
        GR-6.3.1305/2024Amended Paragraph on customer security measures.
        GR-6.4.105/2024Amended Paragraph on banks consistency with security guidelines.
        GR-6.4.1A05/2024Added a new Paragraph on sharing customer information compliance.

    • Superseded Requirements

      • GR-A.2.4

        This Module supersedes:

        Circular / other reference Provision Subject
        Module LR (April 2006 version) LR-6: Record-keeping Keeping Record-keeping keeping requirements were moved to GR-1, and edited down to simplify and avoid duplication of record-keeping keeping requirements contained in Module FC.
        Module HC (April 2006 version) HC-2: 'Fit and Proper Requirement' Requirements relating to controllers were moved to GR-5. Remaining 'fit and proper' elements regarding Directors and key employees of licensees were retained in HC-2, in a re-drafted form.
        October 07