Corporate Records
OM-7.3.1
Conventional bank licensees must maintain the following records in original form or in hard copy at their premises in Bahrain:(a) Internal policies, procedures and operating manuals;(b) Corporate records, including minutes ofshareholders ',Directors ' and management meetings;(c) Correspondence with the CBB and records relevant to monitoring compliance with CBB requirements;(d) Reports prepared by theconventional bank licensee's internal and external auditors; and(e) Employee training manuals and records.Amended: April 2011
October 2007OM-7.3.2
In the case of
Bahrain conventional bank licensees , these requirements apply to the licensee as a whole, including any overseas branches. In the case ofoverseas conventional bank licensees , all the requirements of Chapter OM-7 are limited to the business booked in their branch in Bahrain and the records of that branch (see Rule OM-7.1.1). They are thus not required to hold copies of shareholders' and Directors' meetings, except where relevant to the branch's operations.October 07
