BR-A.3 BR-A.3 Regulation history
BR-A.3.1
This module was first issued in January 2005 as part of the initial launch of the BMA Rulebook Volume for Islamic banks. All regulations in this volume have been effective since this date. All subsequent changes are dated with the month and year at the base of the relevant page and in the Table of Contents. Chapter UG-3 of Module UG provides further details on Rulebook maintenance and control.
BR-A.3.2
The most recent changes made to this module are detailed in the table below:
Summary of changes
Module Ref. Change Date Description of Changes BR-5.1.13 01/04/05 Notification of fraud BR-5.1 01/10/05 New threshold for reporting of transfers by charities and prior approval of the appointment of compliance officer/manager. BR-5.1.3 01/01/06 Addition to changes in strategy and or corporate plan BR-5.1.4 01/01/06 Addition of contact details to management information details BR-3.3, BR-4.1 & BR-5.1.14 01/04/06 Revised statistical returns instructions and new notification requirement for material losses BR-3.2 01/07/06 Deletion of requirement for Form SR6 BR-4.1 01/07/06 Deletion of references to precious metals and commodities returns. Transfer of reserve requirements material from BR-4.2 to BR-4.1. BR-4.2 01/07/06 Deletion of reserve requirements material (moved to BR-4.1). BR-3.1.3 01/07/06 Hard copies of PIRI no longer required BR-4.1.3 01/07/06 Revised submission date for statistical returns BR-5.1.9 01/07/06 Minor changes reflecting change of Compliance Unit to Directorate BR-5.3.3 01/07/06 Deleted since duplicated BR-5.1.15 Evolution of the Module
BR-A.3.3
Prior to the development of the Rulebook, the Agency had issued various circulars representing regulations covering different aspects of BMA reporting structure. These circulars were subsequently compiled into a folder "Part 2: Reports" which was part of the information pack ("The Establishment, regulations and supervision of banks and other financial institutions in Bahrain") issued in 1997. The contents of that information pack have now been incorporated in this module.
BR-A.3.4
In addition, certain circulars have been incorporated in this module that supplement the BMA reporting requirements set out in the information pack mentioned in paragraph BR-A.3.3. These circulars and their evolution into this module are listed below:
Circular Ref. Date of Issue Module Ref. Circular Subject BC/4/99
(partial)17 Mar 1999 BR-1.1, BR-3.1 Annual Accounts for the Year Ending 31 December 1999 BC/12/98 28 Sep 1998 BR-1.1 Accounting and Auditing Standards for Islamic Financial Institutions no reference
(partial)Apr 1981 BR-1.1 Precious Metals and Commodities ODG/329/03 10 Sep 2003 BR-1.1 Corporate Governance Reporting EDBC/1/95 26 Aug 1995 BR-1.2 Re: Provisioning Policies of Branches of Foreign Banks in Bahrain BC/1/99
(partial)22 Feb 1999 BR-2.1 Enhancing Bank Transparency BC/20/99
(partial)28 Sep 1999 BR-3.1 Enhancing Islamic Banks Transparency ER/118/98 2 Feb 1998 BR-3.3, BR-4.1 Revised Statistical Returns ER/247/98 22 Mar 1998 BR-3.3, BR-4.1 Revised Statistical Returns OG/89/88 30 Jun 1988 BR-4.2 Reserve Balances BMA/751/93
(partial)8 Jul 1993 BR-4.3 Directors' Interest in the Shares of, and the Unaudited Quarterly Financial Statements of, Locally Incorporated Banks Quoted on the Bahrain Stock Exchange. BC/904/95
(partial)24 Jul 1995 BR-5.1 Notification to, and approval from the Agency for certain matters BC/309/94 28 Mar 1994 BR-5.1 Management Personnel BMA/1287/94
(partial)6 Nov 1994 BR-5.1 Foreign Exchange, Securities and Other Dealers BC/13/99
(partial)15 Jun 1999 BR-5.1 Compliance, Risk Management and Internal Controls EDBC/6/01
(partial)14 Oct 2001 BR-5.1 Re: Money Laundering Regulation EDBC/73/96
(partial)1 May 1996 BR-5.1 Explanatory note on the promotion of Banking and Financial Products offered in/from Bahrain by Means of Incentives etc. BMA(4)/91/832 22 Oct 1991 BR-5.1 Specimen Signatures OG/45/88 13 Mar 1988 BR-5.2 Write-Off — Credit Facility ODG/145/92 18 Aug 1992 BR-5.3 New or expanded products and facilities in the Retail Banking Field BC/3/00 5 Mar 2000 BR-5.3 Re: Accounts for Charity Organisations BC/09/01 26 Nov 2001 BR-1.1, BR-3.1, BR-5.2 New Prudential Regulations for Islamic Banks
