Report on Private Placements
BR-2.2.4
When acting as an issuer, promoter or manager of a private placement of securities,
Bahraini conventional bank licensees must provide on a semi-annual basis to investors and the CBB a progress report on the private placement. The semi-annual reports are to be provided as of 30th June and 31st December and must be submitted to the investors and the CBB within three months of the reporting period.Amended: April 2015
Added: April 2014BR-2.2.5
The reports referred to in Paragraph BR-2.2.4 are to be issued following the issuance or distribution of a PPM for the solicitation of funds from investors.
Added: April 2014BR-2.2.6
The requirements for the report on private placements are in addition to any requirements outlined in Module OFS (Offering of Securities) under Volume 6 (Capital Markets).
Added: April 2014BR-2.2.7
Bahraini conventional bank licensees may opt to issue the required report on a more frequent basis.Added: April 2014BR-2.2.8
The report required under Paragraph BR-2.2.4 must be issued for private equity purchases of existing companies as well as for real estate and other projects under development and must follow the requirements of Appendix BR-18 under Part B of Volume 1.
Added: April 2014
