C4-5.1 C4-5.1 Prudential Reporting
C4-5.1.1
Category 4 investment firms must complete the relevant sections of the Quarterly Prudential Return (‘Form QPR’) and submit to the CBB a soft copy of the return within 30 calendar days of each quarter end. Locally incorporatedlicensees must complete the returns on a consolidated basis while overseaslicensees must complete the returns in respect of the business booked in Bahrain branch.Added: January 2022C4-5.1.2
For the purpose of reporting requirements under this Module, the quarter end of a
licensee is a 3 month period ending on 31 March, 30 June, 30 September or 31 December.Added: January 2022C4-5.1.3
Category 4 investment firms must submit to the CBB its final audited accounts within 3 months of thelicensee’s financial year-end. Such accounts should be submitted along with the Management Letter prepared by the Auditors for the financial year.Added: January 2022C4-5.1.4
Category 4 investment firms must complete the online non-financial information related to their institution by accessing the CBB’s institutional information system (IIS).Licensees must update the required information at least on a quarterly basis or when a significant change occurs in the non-financial information included in the IIS. If no information has changed during the quarter, thelicensees must still access the IIS quarterly and confirm the information contained in the IIS.Licensees must ensure that they access the IIS within 20 calendar days from the end of the related quarter and either confirm or update the information contained in the IIS.Added: January 2022C4-5.1.5
For the purpose of onsite inspection by the CBB,
category 4 investment firms must submit the requested documents and completed questionnaires to the Inspection Directorate at the CBB three working days ahead of inspection team entry date.Added: January 2022C4-5.1.6
Category 4 investment firms must review the contents of the draft Inspection Report and submit to the Inspection Directorate at the CBB a written assessment of the observations/issues raised within ten working days of receipt of such report. Evidentiary documents supporting management’s comments must also be included in the response package.Added: January 2022C4-5.1.7
Category 4 investment firms are required to review the contents of the final Inspection Report and submit within one month, of the report issue date, a final response to such report along with an action plan addressing the issues raised within the stipulated timeline.Added: January 2022
