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  • CM-A.3 CM-A.3 Module History

    • CM-A.3.1

      This Module was first issued in July 2004 as part of the conventional principles volume. Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG 3 provides further details on Rulebook maintenance and version control.

      October 07

    • CM-A.3.2

      The most recent changes made to this Module are detailed in the table below:

      Summary of Changes

      Module Ref. Change Date Description of Changes
      CM 8 1/1/2005 Revised Consumer Finance Limits
      CMA-2 1/1/2005 Revised Key Requirements to reflect CM 8 above
      CM 8.3 1/7/2005 Revised definition of 'consumer loan'
      CM 3.2 1/10/2005 Role of internal audit becomes a rule
      CM 8.4 1/10/2005 Clarifications re non-compliant facilities
      CM-A.1 10/2007 New Rule CM-A.1.3 introduced, categorising this Module as a Directive.
      CM-8 10/2007 New Requirement to follow the "Code of Best practice on Consumer Credit and Charging".
      CM-1.2 10/2007 Membership of CRB
      CM-7.1 04/2008 Guidance concerning material interest as shareholder for write-offs
      CM-8.6 04/2008 New Refund and prepayment requirements
      CM-5.7 10/2009 New reporting arrangements for exposures of connected counterparties.
      CM-5.7 01/2010 Revised reference for LE reporting
      CM-A.1.3 01/2011 Clarified legal basis.
      CM-5 01/2011 Changes made to incorporate Basel Core Principle 5 and new large exposure requirements along with a consistency alignment of Volume One and Volume Two.
      CM-A.1.1 04/2011 Corrected typo.
      CM-A.2.4 04/2011 Corrected cross reference in line with new limits introduced in January 2011.
      CM-5.3.1(c), CM-5.6.1 04/2011 Corrected cross reference.
      CM 07/2011 Various minor amendments to clarify Rules and have consistent language.
      CM-5.5.9 07/2011 Amended the definition of connected counterparties.
      CM-8.5.9 and CM-8.5.10 10/2011 Corrected elements of APR formula.
      CM-8.5.12 10/2011 Paragraph deleted as it does not reflect current practice on residual interest.
      CM-5.5.1.E 01/2012 Amended definition of qualifying holdings
      CM-5.6 01/2012 Clarified and amended the Rules on temporary exposures.
      CM-5.10.3 01/2012 Clarified the Rule on future increases in qualifying holdings.
      CM-8.4.9 01/2012 Changed Rule to Guidance.
      CM-5.6.2 04/2012 Clarified Rules on temporary exposures.
      CM-A.2.8 07/2012 Updated reference to Bahrain Association of Banks.
      CM-5.5.6 07/2012 Clarified the definition of 'controlling interest'.
      CM-5.5.7A 07/2012 CBB prior approval required for excess over limits to connected counterparties.
      CM-5.5.9 07/2012 Minor correction.
      CM-5.10.3 07/2012 Amendment made to be in line with updated definition of qualifying holdings.
      CM-8.5.4 07/2012 Minor typo corrected.
      CM-8.5 10/2012 This Section was deleted and requirements are now included in Section BC-4.3.
      CM-A.2.10 01/2013 Clarified Rule related to the write-off of a credit facility.
      CM-5.5.11 07/2013 Clarified Rule on the amount that must be deducted from the capital base where exposure exceeds the limit stipulated.
      CM-8.6.2 07/2013 Clarified the type of mortgages on which the CBB imposes a ceiling on early repayment fees and/or charges.
      CM-1.2.4 10/2013 Amended to reflect the expanded scope of activities of the Credit Reference Bureau and the membership requirements.
      CM-8.4.4 10/2013 Updated reference to Eskan Bank to reflect new name.
      CM-1.2.4 01/2014 Clarified Rule to apply to credit facilities to residents in Bahrain.
      CM-A.2, CM-4.3 and CM-5 04/2014 Added cross references and corrected terminology to link to Glossary terms.
      CM-6.1 04/2014 Clarified Rules on staff loans.
      CM-8.2.4 04/2014 Reference updated for the code of best practice on consumer credit and charging.
      CM-5.10.2A 07/2014 Added a guidance Paragraph to clarify the treatment of investments in commercial entities which are otherwise not connected to the bank.
      CM-A.2 and CM-5 01/2015 Corrected to be aligned with updated requirements under Module CA.
      CM-5.3.2 01/2015 Added reference to transactions subject to the Regulation on close-out netting under a market contract.
      CM-5.5.1B 01/2015 Corrected cross reference.
      CM-5.5.1E 04/2015 Deleted cross reference as not applicable.
      CM-5.6.2B and CM-5.10.10 04/2015 Corrected reference to consolidated Total Capital to be in line with Module CA.
      CM-5.7.1 04/2015 Added reference to Appendix BR-19 for reporting the financial details of each large exposure.
      CM-5.10.3 04/2015 Clarified language on the treatment of significant investments over the thresholds outlined in Paragraph CA-2.4.25.
      CM-5.7.1, CM-5.7.1A and CM-5.7.1B 07/2015 Clarified the reporting requirements of exposures.
      CM-5.5.11 10/2015 Clarified limits on large exposures.
      CM-7.1 10/2015 Amended Rules on write-offs.
      CM-5.5.1E 10/2016 Amended definition of major investment
      CM-5.5.3 10/2016 Added “Limits to Significant Investments” new Section reference
      CM-5.10.2 10/2016 Major investments defined
      CM-5.10.2A 10/2016 Paragraph moved to CM-5.11.4
      CM-5.10.3 10/2016 Amended and split into CM-5.10.3 A, B, C & D
      CM-5.10.3D 10/2016 Amended Rule
      CM-5.10.6 10/2016 Moved to new section 5.11
      CM-5.10.7 10/2016 Moved to new section 5.11
      CM-5.10.8 10/2016 Moved to new section 5.11
      CM-5.10.10 10/2016 Amended 'Acquisitions' to be 'Investments'
      CM-5.11 10/2016 New Section 'Limits on Significant Investments'
      CM-7.1.1 10/2016 Amended the Write-offs Section
      CM-8.4.5 10/2016 Amendments to clarify the Rule
      CM-A2.2A
      CM-5.5.3A      		 01/2017 Added a new requirement on Large Exposures.
      CM-5.5.5A
      CM-5.5.9B      		 01/2017 Added Paragraphs on closely related counterparties and connected counterparties.
      CM-4.5 07/2017 Added new Section on 'Country and Transfer Risks'
      CM-8.6.2 04/2018 Deleted Paragraph on "Early Repayment Fees/Charges".
      CM-8.4.10 10/2019 Amended Paragraph on non-compliant facilities.
      CM-5.6.2D 01/2020 Amended Paragraph on approval of the banks policies and procedures.
      CM-1.2.6 07/2020 Added a new Paragraph on CRB members requirements.
      CM-1.2.7 07/2020 Added a new Paragraph on compliance with CBB Law.
      CM-8.4.10 07/2021 Amended submission of technically non-compliant facilities report.
      CM-8.4.10 01/2022 Amended Paragraph on submission of technically non-compliant facilities report.

    • [deleted]

      Deleted: April 08

      • CM-A.3.3 [deleted]

        Deleted: April 08

    • Effective Date

      • CM-A.3.3

        The contents of this Module are effective from July 2004 or the dates given in the summary of changes above.

        Amended: April 08
        October 07