PD-4.1.1

[This Paragraph was deleted in October 2012]

[Deleted]

[Deleted]

PD-4.2.1

The content of this Section is applicable to all retail banks licensed by the CBB.

PD-4.2.2

The CBB requires all retail banks to display, by a conspicuous notice, their base rate of interest on BD overdrafts and short-term revolving facilities (see also Paragraph BC-4.3.14).

PD-4.2.3

Retail banks are left free to decide their own base rate and to make changes to it as they consider appropriate.

PD-4.2.4

Retail banks must display a list of current charges including any standard charges and commissions that will be applied by the bank to individual services and transactions. See Section BC-4.3 for further details.

PD-4.3.1

The content of this Section is applicable to all retail banks licensed by the CBB.

PD-4.3.2

The CBB requires all retail banks referring (directly or indirectly) to the protection of deposits in related marketing materials and in general notices featured within banking halls and in account documentation, including the annual report, to prominently disclose the following statement:

PD-4.3.3

Retail banks must, in discussions and/or correspondence with new and prospective customers, bring the Deposit Protection Scheme and the protection afforded by it to the customer's notice.

PD-4.3.4

The CBB welcomes the introduction by the banks, at their discretion, of other appropriate means to promote the Deposit Protection Scheme as prominently as possible.

PD-4.3.5

For detailed guidance on the Deposit Protection Scheme's documentation requirements, see Chapter CP-2.

PD-4.4.1

The content of this Section is applicable to all Bahraini conventional bank licensees.

PD-4.4.2

Conventional bank licensees must obtain the CBB's prior approval before issuing any press releases regarding interim or annual financial statements. Conventional bank licensees must not publish or cause to be published, any media statements until such times as CBB approval has been granted.

PD-4.4.3

In implementing Rule PD-4.4.2, the CBB will provide the conventional bank licensee with a written decision within two business days of the receipt of request for approval.