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  • BR-3.1A BR-3.1A Branches of Foreign Banks

    • BR-3.1A.1

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

      October 2010

    • Prudential Information Returns

      • BR-3.1A.2

        All branches, referred to under Paragraph BR-3.1A.1, are required by the CBB to complete PIR forms (see Appendix BR-5).

        July 2011
        October 2010

      • BR-3.1A.3

        These should be submitted to the CBB no later than 30 calendar days from the end of the said quarter.

        Amended: January 2022
        Added: October 2010

      • BR-3.1A.4

        The CBB requires all banks to request their external auditor to conduct a review of the prudential returns on a quarterly basis. The results of such review (in the form of a return review report) should be submitted to the CBB no later than 2 months from the end of the subject quarter. A bank may apply for exemption from this requirement provided that it meets the criteria set out under Paragraph BR-3.1A.5 below.

        October 2010

      • BR-3.1A.5

        Banks which demonstrate to the satisfaction of the CBB that they have fulfilled all of the CBB's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the CBB for an exemption from the review procedure set out in Paragraph BR-3.1A.4 above.

        October 2010

    • Additional Information required for CBB's Financial Review

      • BR-3.1A.5A

        All retail branches of foreign banks must submit the completed Form: Information Required for Annual and Interim Financial Review (Appendix BR-21) prepared in accordance with Appendix BR-20 together with the PIRI forms within 30 calendar days (See Paragraph BR-3.1.3) or together with any draft financial statement submissions (See Paragraph BR-2.1.2A).

        Amended: January 2022
        Amended: July 2021
        Added: April 2019

      • BR-3.1A.5B

        All wholesale branches of foreign banks must submit the completed Form: Information Required for Annual and Interim Financial Review (Appendix BR-21) prepared in accordance with Appendix BR-20, together with the PIRI forms within 30 calendar days of each quarter end (See Paragraph BR-3.1.3).

        Amended: January 2022
        Added: July 2021

    • Reporting of Complaints

      • BR-3.1A.6

        In accordance with Paragraph BC-10.7.1, all banks must submit to the CBB Consumer Protection Unit, 20 days after the end of the quarter, a report on complaints.

        Amended: April 2022
        Added: October 2011