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  • CA-A CA-A Introduction

    • CA-A.1 CA-A.1 Purpose

      • Executive Summary

        • CA-A.1.1

          This Module lays down requirements that apply to all licensees, with respect to the minimum level of capital they must maintain.

          October 2010

        • CA-A.1.2

          Principle 9 of the Principles of Business requires that licensees maintain adequate human, financial and other resources, sufficient to run their business in an orderly manner (see Section PB-1.1.9).

          October 2010

      • Legal Basis

        • CA-A.1.3

          This Module contains the Central Bank of Bahrain's ('CBB') Directive (as amended from time to time) relating to the capital adequacy of licensees, and is issued under the powers available to the CBB under Article 38 of the CBB Law. The Directive in this Module is applicable to all licensees. Requirements regarding Money Changer Licensees are also included in the Regulation Organising Money Changing Business, issued in 1994 and included in this Module.

          Amended: January 2011
          October 2010

        • CA-A.1.4

          For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

          October 2010

    • CA-A.2 CA-A.2 Module History

      • Evolution of Module

        • CA-A.2.1

          This Module was first issued in October 2010 by the CBB. Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

        • CA-A.2.2

          A list of recent changes made to this Module is provided below:

          Module Ref. Change Date Description of Changes
          CA-A.1.3 01/2011 Clarified legal basis.
          CA-1.2.2 and CA-1.2.3 01/2011 Clarified minimum capital requirements for licensees authorised prior to 1st January 2011.
          CA-1.4.1 01/2011 Added cross reference.
          CA-1.4.1 07/2011 Clarified Rule pertaining to capital required for any additional branch.
               

      • Superseded Requirements

        • CA-A.2.3

          This Module supersedes the following provisions contained in circulars or other regulatory instruments:

          Document Ref. Document Subject
          Standard Conditions and Licensing Criteria: Money Changers Capital Funds
          BC/24/99 Accounts of Money Changers
          BC/6/99 Bank Guarantee
          October 2010