PD-2 PD-2 Semi-annual disclosure requirements
PD-2.1 PD-2.1 Disclosure by commercial branches of foreign banks
PD-2.1.1
The content of this section is applicable only to FCB
branches (licensed by the Agency) of foreign banks.PD-2.1.2
Banks (referred to under paragraph PD-2.1.1) are required by the Agency to prepare and disclose to the public the following information (in the same format as their Annual Audited Accounts) for their Bahrain operations on a semi-annual basis:
(a) Balance Sheet, and(b) Profit and Loss Accounts.PD-2.1.3
The statements referred to under paragraph PD-2.1.2 should be reviewed by the bank's external auditors, in accordance with International Standards on Auditing (ISA) applicable to Review engagements.
PD-2.1.4
These statements (referred to under paragraph PD-2.1.2) should be published in one local newspaper within eight weeks from the statements' date.
PD-2.1.5
Banks must submit a newspaper copy of the statements (referred to under paragraph PD-2.1.2) to the Agency within eight weeks from the statements' date. The copy should be accompanied by a letter clearly showing on which date and in which publication(s) the statements were published.
