PD-4 PD-4 Other public disclosure requirements
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
PD-4.1 PD-4.1 Introduction
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PD-4.1.1
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The purpose of the contents of this Chapter is to set out the Central Bank's requirements relating to other public disclosure of information by the banks, not covered in Chapters PD-1 to PD-3.
October 07PD-4.2 PD-4.2 Disclosure of key terms relating to a consumer finance agreement
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PD-4.2.1
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The content of this Section is applicable to all retail banks licensed by the Central Bank.
October 07PD-4.3 PD-4.3 Disclosure of charges on short-term financing facilities
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PD-4.3.1
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The content of this Section is applicable to all retail banks licensed by the Central Bank.
October 07PD-4.3.2
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The Central Bank requires all retail banks to display, by a conspicuous notice, their scale of charges on BD short-term revolving facilities to commercial customers.
October 07PD-4.3.3
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'Conspicuous notice' means a written statement in both Arabic and English languages which is easily visible and legible and is displayed in all retail banks' premises open to the public.
October 07PD-4.3.4
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Retail banks are left free to decide their own basis of charging and to make changes to it as they consider appropriate.
October 07PD-4.3.5
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Retail banks must display a list of current charges including any standard charges and commissions that will be applied by the bank to individual services and transactions. See Section BC 4.2 for further details.
October 07PD-4.4 PD-4.4 Disclosure relating to Deposit Protection Scheme
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PD-4.4.1
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The content of this Section is applicable to all retail banks licensed by the Central Bank.
October 07PD-4.4.2
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The Central Bank requires all retail banks referring (directly or indirectly) to the protection of
deposits in related marketing materials and in general notices featured within banking halls and in account documentation, including Annual Reports, to prominently disclose the following statement:• 'Subject to the provisions thereof,deposits held with the Bahrain office of [name of the banking firm] are covered by the Deposit Protection Scheme established by the Central Bank of Bahrain regulation concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board'.October 07PD-4.4.3
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
Retail banks should, in discussions and/or correspondence with new and prospective customers, bring the Deposit Protection Scheme and the protection afforded by it to the customer's notice.
October 07PD-4.4.4
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
The Central Bank welcomes the introduction by the banks, at their discretion, of other appropriate means to promote the Deposit Protection Scheme as prominently as possible.
October 07
