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  • Executive Summary

    • CA-A.1.1

      The purpose of this module is to set out the CBB's regulations for minimum capital requirements. This requirement is supported by Article 44(c) of the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006).

      January 2013

    • CA-A.1.2

      Principle 9 of the Principles of Business requires that financing company licensees maintain adequate human, financial and other resources, sufficient to run their business in an orderly manner (see Section PB-1.9). In addition, Condition 5 of CBB's Authorised Conditions (Section AU-2.5) requires financing company licensees to maintain financial resources in excess of the minimum requirements specified in this Module.

      January 2013

    • CA-A.1.3

      This Module sets out the minimum capital requirements which financing company licensees must meet as a condition of their licensing.

      January 2013

    • CA-A.1.4

      The purpose of these requirements is to ensure that financing company licensees hold sufficient financial resources to provide some protection against unexpected losses.

      January 2013

    • CA-A.1.5

      The CBB requires in particular that the relevant financing company maintain adequate capital in accordance with the requirements of this Module, against their risks.

      January 2013

    • CA-A.1.6

      This module provides support for certain other parts of the Rulebook, mainly:

      (a) Prudential Consolidation and Deduction Requirements;
      (b) Licensing and Authorisation Requirements;
      (c) CBB Reporting Requirements;
      (d) Credit Risk Management;
      (e) Operational Risk Management;
      (f) High Level Controls:
      (g) Relationship with Audit Firms; and
      (i) Penalties and Fines.
      January 2013