PD-5 PD-5 Public Disclosure via the Internet
PD-5.1 PD-5.1 Publication and Disclosure of Financial Results
Existing Requirements
PD-5.1.1
[This Paragraph was deleted in April 2012].
Deleted: April 2012Criteria for Application for Disclosure via the Internet
PD-5.1.2
Non-listed Bahraini conventional wholesale banks may apply to the CBB to disclose their quarterly financial statements via the internet. If a bank wishes to cease disclosure of quarterly financial statements via the local press, it must satisfy the following criteria:
(a) The bank has no shareholders resident in Bahrain;(b) The bank has no customers resident in Bahrain. Customers include borrowers, depositors, investment account holders or persons from whom the bank earns fees or commissions. 'Customers' in this context would not include other banks, but would include Bahraini corporations, the Government of Bahrain and its agencies, and private individuals (whether high net worth or not); and(c) The bank does not market itself in any way to residents of Bahrain. In particular, the bank should not market funds or other financial products to residents, even if the bank has no on balance sheet assets or liabilities arising from Bahraini residents.Amended: July 2015
Amended October 2010
April 2008PD-5.1.3
[This Paragraph was deleted in April 2016.]
Deleted: April 2016
Amended October 2010
April 2008