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  • BR-A BR-A Introduction

    • BR-A.1 BR-A.1 Purpose

      • Executive Summary

        • BR-A.1.1

          This Module sets out requirements applicable to licensees regarding reporting to the CBB. These include the provision of financial information to the CBB by way of prudential returns, as well as notification to the CBB of certain specified events, some of which require prior CBB approval. This Module also outlines the methods used by the CBB in gathering information required in the supervision of licensees.

          October 2010

        • BR-A.1.2

          The requirements in this Module apply to all Money Changer licensees.

          October 2010

      • Legal Basis

        • BR-A.1.3

          This Module contains the Central Bank of Bahrain's ('CBB') Directive (as amended from time to time) regarding CBB Reporting requirements applicable to licensees, and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). 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

        • BR-A.1.4

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

          October 2010

    • BR-A.2 BR-A.2 Module History

      • Evolution of Module

        • BR-A.2.1

          This Module was first issued in October 2010. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made: UG-3 provides further details on Rulebook maintenance and version control.

        • BR-A.2.2

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

          Module Ref. Change Date Description of Changes
          BR-A.1.3 01/2011 Clarified legal basis.
          BR-1.5.20 and 1.5.21 01/2011 Added IIS reporting requirements.
          BR-2.1.5 01/2011 Minor amendment to clarify reference of guidance.
          BR-2.2.5 01/2011 Minor amendment to correct typo.
          BR-2.2.6, BR-2.2.12 01/2011 Minor amendment.
          BR-2.2.7 and BR-2.2.8 01/2011 Guidance Paragraphs deleted.
          BR-2.3.1, BR-2.3.2 and BR-2.3.14 04/2011 Clarified prior approval requirements in relation to subsidiary undertakings.
          BR-3.1.1A and BR-3.1.1B 04/2012 Added Paragraphs to clarify Rules on power to request information.
          BR-3.3.1 and BR-3.4 04/2012 Minor corrections.
          BR-3.5 04/2012 New Section added to include material transferred from common Chapters EN-2 and AA-5
          BR-2.3.5A 10/2012 Added guidance to clarify requirements for change of address for branches.
          BR-1.5.20 01/2013 Clarified deadline to update IIS.
          BR-3.5.14 07/2013 Amended numbering of referred appendix.
          BR-1.3.2A 10/2014 Added annual requirement to file the Insurance Coverage Return as required under Paragraph GR-7.1.4.
          BR-1.6 04/2017 Added a new Section on Onsite Inspection Reporting.
          BR-1.1.1 10/2018 Amended Paragraph.
          BR-1.2.1 10/2018 Amended Paragraph.
          BR-1.3.1 10/2018 Amended Paragraph.
          BR-1.5.1A 10/2019 Added a new Paragraph on disclosure of financial penalties.
          BR-2.3.13 01/2020 Amended Paragraph.
          BR-1.2.2 01/2022 Amended Paragraph on submission of the Quarterly Prudential Returns.
          BR-1.6.2 01/2022 Amended Paragraph on the submission of the written assessment of the observations/issues raised in the Inspection draft report.
          BR-2.2.17 01/2023 Amended Paragraph deleting reference to RM.
          BR-2.3.15 01/2023 Deleted Paragraph on CBB approval for outsourcing arrangements.

      • Superseded Requirements

        • BR-A.2.3

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

          Circular/ other reference Subject
          EDBC/73/96 No objection for promotions
          BC/9/99 Quarterly Information Report (QIR).
          BC/24/99 Submission of audited Accounts and Management Letter/ Dividend Approval
          BC/1/2000 Monthly Return
          BC/505/2001 Computerized Information Reports
          EDBO/WR/007/2004 Report on Counterfeiting Activity
          BS/09/2005 Accounts for Charity Organizations
          CI/27/2006 Report on Counterfeit Currency Detection Equipment
          OG/080/2007 Directive on measures to detect counterfeit currency
          October 2010