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  • BR-2 BR-2 Regular Reporting – Semi-annual (Interim) Requirements

    • BR-2.1 BR-2.1 Retail Branches of Foreign Banks

      • BR-2.1.1

        The content of this Section is applicable only to retail branches (licensed by the CBB) of foreign banks.

        October 2010
        October 07

      • Financial Information

        • BR-2.1.2

          Branches (referred to under Paragraph BR-2.1.1) are required to submit to the CBB their reviewed semi-annual (interim) financial statements (in the same format as their Annual Audited Accounts) for their Bahrain operations within 2 months of the date of these statements.

          Amended: April 2012
          October 2010
          October 07

        • BR-2.1.2A

          All retail branches of foreign banks must submit to the CBB at least 5 working days prior to the intended publication date, the following documents:

          (a) Draft interim financial statements; and
          (b) Completed Form: Information Required for Annual and Interim Financial Review (Appendix BR-21) prepared in accordance with Appendix BR-20.
          Added: July 2021

      • Compliance

        • BR-2.1.3

          The statements mentioned under Paragraph BR-2.1.2 must be in compliance with the requirements set out under Section PD-2.1.

          Amended: January 2015
          April 2008
          October 07

    • BR-2.2 BR-2.2 Bahraini Islamic Bank Licensees

      • BR-2.2.1

        The content of this Section is applicable to all Bahraini Islamic Bank Licensees licensed by the CBB in the Kingdom of Bahrain.

        Amended: April 2019
        Added: October 2011

      • Compliance with Module PD

        • BR-2.2.2

          The financial statements mentioned under Paragraph BR-3.1.6 should be in compliance with the requirements set out under Section PD-3.1.

          Added: October 2011

        • BR-2.2.3

          In addition to the financial statements required in Paragraph BR-3.1.6, banks are also required to submit to the CBB the following information within two months of the end of the half-year:

          (a) A copy of the disclosures required by Paragraph PD-3.1.6; and
          (b) An agreed-upon procedures report concerning the completeness of disclosures required by Paragraph PD-3.1.6 (see also AU-3.1.4).
          Added: October 2011

      • Report on Private Placements

        • BR-2.2.4

          When acting as an issuer, promoter or manager of a private placement of securities, Bahraini Islamic 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 2014

        • BR-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 2014

        • BR-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 2014

        • BR-2.2.7

          Bahraini Islamic bank licensees may opt to issue the required report on a more frequent basis.

          Added: April 2014

        • BR-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 2.

          Added: April 2014

    • BR-2.3 BR-2.3 [This Section was deleted in April 2019]

      • BR-2.3.1

        [This Paragraph was deleted in April 2019].

        Deleted: April 2019
        Added: October 2014

      • [This sub-heading was deleted in April 2019]

        • BR-2.3.2

          [This Paragraph was deleted in April 2019].

          Deleted: April 2019
          Added: October 2014