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  • GR-1.1 GR-1.1 General Requirements

    • GR-1.1.1

      Representative office licensees must maintain the following records for a 10-year period, in original form or in hard copy at their premises in Bahrain. These records must be retained for at least 10 years according to Article 60 of the CBB Law.

      (a) A copy of all documents submitted to the CBB as part of the license application;
      (b) Corporate records, including Head Office Annual Report, License Certificate (granted by the CBB), Commercial Registration Certificate, Memorandum and Articles of Association;
      (c) Correspondence with the CBB and records relevant to monitoring compliance with CBB requirements;
      (d) Reports prepared by the Representative Office to its Head Office and vice versa; and
      (e) Any other documents deemed necessary by the CBB.
      Amended: October 2018
      December 2010

    • GR-1.1.2

      Representative office licensees should refer to Chapter FC-7 with reference to records pertaining to the requirements of Module FC.

      December 2010

    • GR-1.1.3

      Unless otherwise agreed with the CBB in writing, records must be kept in either English or Arabic; or else accompanied by a certified English or Arabic translation. Records must be kept current.

      December 2010

    • GR-1.1.4

      The requirements of Paragraph GR-1.1.3 are effective from the issusance date of this Module.

      December 2010

    • GR-1.1.5

      Translations produced in compliance with Rule GR-1.1.3 may be undertaken in-house, by an employee or contractor of the licensee, providing they are certified by an appropriate officer of the licensee.

      December 2010

    • GR-1.1.6

      Records must be accessible at any time from within the Kingdom of Bahrain, or as otherwise agreed with the CBB in writing.

      December 2010

    • Customer Records

      • GR-1.1.7

        Record-keeping requirements with respect to customer records, including customer inquiries, identification and due diligence records, are contained in the Common Module FC (Financial Crime). These requirements address specific requirements under the Amiri Decree Law No. 4 of 2001, the standards promulgated by the Financial Action Task Force

        December 2010

      • GR-1.1.8

        Representative office licensees must maintain a record of all promotional/marketing materials issued by them to new or existing customers. They must also maintain a record of all their undertakings.

        December 2010