• OM-6.3 OM-6.3 Other Records

    • Corporate Records

      • OM-6.3.1

        Conventional bank licensees must maintain the following records in original form or in hard copy at their premises in Bahrain:

        (a) Internal policies, procedures and operating manuals;
        (b) Corporate records, including minutes of shareholders', Directors' and management meetings;
        (c) Correspondence with the CBB and records relevant to monitoring compliance with CBB requirements;
        (d) Reports prepared by the Conventional bank licensee's internal and external auditors; and
        (e) Employee training manuals and records.
        Added: January 2020

      • OM-6.3.2

        In the case of Bahrain Conventional bank licensees, these requirements apply to the licensee as a whole, including any overseas branches. In the case of overseas Conventional bank licensees, all the requirements of Chapter OM-6 are limited to the business booked in their branch in Bahrain and the records of that branch (see Rule OM-6.1.1). They are thus not required to hold copies of shareholders' and Directors' meetings, except where relevant to the branch's operations.

        Added: January 2020

    • Customer Records

      • OM-6.3.3

        Record-keeping requirements with respect to customer records, including customer identification and due diligence records, are contained in Module FC (Financial Crime). These requirements address specific requirements under the Amiri Decree Law No. 4 of 2001, the standards promulgated by the Financial Action Task Force, as well as to the best practice requirements of the Basel Committee Core Principles methodology, and its paper on "Customer due diligence for banks".

        Added: January 2020

    • Promotional Schemes

      • OM-6.3.4

        Conventional bank licensees must maintain all material related to promotional schemes as outlined in Section BC-1.1 for a minimum period of 5 years.

        Added: January 2020