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  • L L

    • Lead Supervisor

      In the context of groups containing regulated financial companies, the principal regulator supervising those financial companies on a consolidated basis.

      Added: January 2011

    • Leverage ratio (For Purposes of Module CA_Microfinance Institutions)

      Defined under Paragraph CA-1.1.5 as the total equity divided by the total assets, where total equity is defined under Paragraph CA-1.1.6.

      Added: January 2014

    • Liabilities

      For purposes of Module CA for financing companies, liabilities are defined as the total amount of liabilities reported in the PIRF or PIRCC.

      Added: January 2013

    • Licensed exchange(s)

      "Licensed exchange" means an exchange licensed in respect of the operation of its market in and from the Kingdom of Bahrain.

      Added: April 2012

    • Licensees

      Any person licensed by the CBB under any of the Volumes of the CBB Rulebook.

    • Licensees maintaining customer account (s)

      Banks, financing companies and, or as the case may be, credit card or PSPs operating digital wallets, who allow AISPs and PISPs access to customer accounts with the explicit customer consent.

      Added: December 2018

    • Liquid assets (for financing companies)

      For purposes of Paragraph LM-1.2.5, liquid assets are defined as:

      (a) Cash and unencumbered current accounts with financial institutions;
      (b) Placements with financial institutions maturing within one month;
      (c) Exchange traded financial instruments;
      (d) GCC government securities;
      (e) Other sovereign bonds and bills up to one year maturity, carrying a minimum rating of AA-; and
      (f) Accounts receivable due within one month.
      Added: January 2014