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  • BR-4A.3 BR-4A.3 Compliance with Remuneration Rules under Module HC

    • BR-4A.3.1

      Unless specifically excluded in accordance with Paragraph AU-3.6.3, every conventional bank licensee must submit to the CBB within three months from the financial year-end, a report as to the bank's compliance with the remuneration Rules outlined in Chapter HC-6.

      Amended: January 2024
      Amended: July 2014
      Added: January 2014

    • BR-4A.3.1A

      Where a conventional bank licensee is not required to provide a report under Paragraph BR-4A.3.1, it must submit a notification to the CBB once it has been determined that it is excluded to file such report as per Paragraph AU-3.6.3.

      Added: July 2014

    • BR-4A.3.2

      The report required under Paragraph BR-4A.3.1 must be prepared by the bank's external auditor or a consultancy firm approved by the CBB.

      Amended: July 2015
      Added: January 2014

    • BR-4A.3.2A

      For a consultancy firm to be approved by the CBB for purposes of this Section, the conventional bank licensee should communicate with the CBB's supervisory point of contact for seeking the CBB's prior written approval.

      Added: July 2015

    • BR-4A.3.3

      The format of the Report required under Paragraph BR-4A.3.1 is included in Part B of the Rulebook as Appendix HC-(i), as part of the Supplementary Information.

      Amended: July 2015
      Added: January 2014