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  • Publication of Annual Reports

    • PD-1.1.1

      Bahraini insurance firms must publish an Annual Report, in the manner prescribed in this Section, within 3 months of the end of the firm's financial year.

    • PD-1.1.2

      In addition to the requirements specified in this Module, Bahraini insurance firms are also required to comply with the requirements regarding the publication of audited financial accounts, as specified in Article 62 of the CBB Law, the Bahrain Commercial Companies Law 2001 (as amended) and the Bahrain Stock Exchange Regulations (where applicable).

      Amended: January 2007

    • PD-1.1.3

      Bahraini insurance firms must apply financial years that end on 31 December, unless prior written approval has been obtained from the CBB for a different year-end.

      Amended: January 2007

    • PD-1.1.4

      The Annual Report must be made available in printed form.

    • PD-1.1.5

      The Annual Report must be published in both Arabic and English.

    • PD-1.1.6

      The requirement to publish an Annual Report will be met where firms publish financial information (balance sheet and income statement) and any financial penalties paid to the CBB, in two local (Bahrain) daily newspapers (one in Arabic, one in English), containing details of where interested parties may obtain a copy of the full Annual Report in either electronic or paper form.

      Amended: October 2007

    • PD-1.1.6A

      Bahraini insurance firms must submit a newspaper copy of the published financial statements (referred to under Paragraph PD-1.1.1) to the CBB within three months from the statements’ date clearly showing on which date and in which publication(s) the statements were published.

      Amended: July 2023
      Added: October 2007

    • PD-1.1.7

      The Annual Report must include the information that insurance firms are required to disclose on an annual basis as set out in this Module, together with additional information that may facilitate the understanding by prospective and existing policyholders and other market participants of the financial position of the firm and the risks to which it is subject.

      Amended: January 2007

    • PD-1.1.8

      Bahraini insurance firms whose business is limited to reinsurance activities, are exempt from publishing summary financial information in local newspapers. However, their Annual Report must be made available in electronic format via the firm's web site.

    • PD-1.1.9

      Bahraini insurance firms must provide printed copies of their Annual Report on request, but may charge a fee for providing a printed copy to persons who are neither policyholders nor shareholders of the firm.

      Amended: January 2007