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  • PD-1.1 PD-1.1 Introduction

    • PD-1.1.1

      The purpose of this Chapter is to set out the CBB's requirements relating to the disclosure of information in the annual audited financial statements ('Annual Report') of Bahraini Islamic bank licensees as well as for overseas Islamic retail bank licensees. This Chapter also refers to the Bahrain Commercial Companies Law (as amended) and the Rulebook of the licensed exchange relating to public disclosure and reporting requirements.

      Amended: April 2016
      Amended April 2012
      Amended April 2011
      Amended October 2010
      April 2008

    • PD-1.1.2

      For the purpose of this Chapter, the following definitions apply:

      (a) Approved person means any person occupying a controlled function as outlined in Section LR-1A.1;
      (b) 'Interest in the shares' shall include, but not be limited to, direct and/or indirect ownership of such shares, the right of voting associated with such shares, the right to receive dividends payable on such shares, and/or any right, regardless of the form thereof, to purchase (or otherwise acquire an interest in) such shares at any time;
      (c) 'Audited financial statements' refers to the financial statements required under AAOIFI or International Financial Reporting Standards; and
      (d) 'Annual Report' refers to the document which contains the full audited financial statements and accompanying notes as well as any accompanying commentary by the senior officials of the bank.
      Amended: April 2016
      Amended October 2010
      April 2008