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  • GR-A GR-A Introduction

    • GR-A.1 GR-A.1 Purpose

      • Executive Summary

        • GR-A.1.1

          The General Requirements Module presents a variety of different requirements that are not extensive enough to warrant their own stand-alone Module, but for the most part are generally applicable. These include requirements on books and records; on the use of corporate and trade names; and on controllers and close links. Each set of requirements is contained in its own Chapter.

          Amended: July 2011
          May 2011

      • Legal Basis

        • GR-A.1.2

          This Module contains the Central Bank of Bahrain ('CBB') Directive (as amended from time to time) regarding general requirements applicable to administrators 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 transfers of business (see Chapter GR-4) and controllers (see Chapter GR-5) are also included in Regulations, to be issued by the CBB.

          May 2011

        • GR-A.1.3

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

          May 2011

    • GR-A.2 GR-A.2 Module History

      • Evolution of Module

        • GR-A.2.1

          This Module was first issued in May 2011 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.

          May 2011

        • GR-A.2.2

          A list of recent changes made to this Module is detailed in the table below:

          Module Ref. Change Date Description of Changes
          GR-A.1.1 07/2011 Minor correction made to Guidance.
          GR-5.3 04/2012 Amended to be in line with other Volumes of the CBB rulebook and to reflect the issuance of Resolution No.(43) of 2011.
          GR-7 04/2012 Clarified language on cessation of business to be in line with other Volumes of the CBB Rulebook.
          GR-1.1.4 04/2013 Corrected reference to 'transaction' records.
          GR-7.1.12 10/2016 Added an additional requirement for cessation of business to be consistent with other Volumes of the CBB Rulebook.
          GR-5.1.4 01/2017 Consistency of notification timeline rule on controllers with other Volumes of the CBB Rulebook.
          GR-1.2.1 07/2017 Amended paragraph according to the Legislative Decree No. (28) of 2002.
          GR-1.2.2 07/2017 Deleted paragraph.
          GR-3.1.3 10/2017 Added additional requirement to submit when requesting no-objection letter for proposed dividend.
          GR-9.1.2 10/2017 Amended Paragraph on outsourcing, to allow the utilization of cloud services.
          GR-9.1.3A 10/2017 Added a new Paragraph on outsourcing.
          GR-9.1.6 10/2017 Amended Paragraph.
          GR-9.1.9 10/2017 Amended Paragraph.
          GR-9.1.11 10/2017 Amended Paragraph.
          GR-9.1.11A 10/2017 Added a new Paragraph on outsourcing.
          GR-9.1.16 10/2017 Amended Paragraph.
          GR-9.1.17 10/2017 Amended Paragraph.
          GR-9.2.1 10/2017 Amended Paragraph.
          GR-9.2.2 10/2017 Amended Paragraph.
          GR-9.2.4 10/2017 Amended Paragraph.
          GR-9.2.11 10/2017 Amended Paragraph.
          GR-9.2.12 10/2017 Amended Paragraph.
          GR-9.2.13 10/2017 Amended Paragraph.
          GR-9.2.18 10/2017 Amended Paragraph.
          GR-9.2.19 10/2017 Added a new paragraph for security measures related to cloud services.
          GR-9.3.3 10/2017 Amended Paragraph.
          GR-9.3.4 10/2017 Amended Paragraph.
          GR-5.1.1A 04/2019 Added a new Paragraph on exposures to controllers.
          GR-5.1.1B 04/2019 Added a new Paragraph on exposures to controllers.
          GR-1.2.1 01/2020 Amended Paragraph.
          GR-7.1.7 04/2020 Amended Paragraph.
          GR-7.1.12 04/2020 Amended Paragraph.
          GR-C 10/2020 Added a new Chapter on Provision of Financial Services on a Non-discriminatory Basis.
          GR-2.1.1 01/2022 Amended Paragraph on change in licensee corporate and legal name.
          GR-2.1.2 01/2022 Amended Paragraph on change in licensee legal name.
          GR-9 07/2022 Replaced Chapter GR-9 with new Outsourcing Requirements.