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  • 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