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  • BR-1.2 BR-1.2 Interim Financial Statements

    • BR-1.2.1

      Licensees that are listed companies are required to submit to the CBB reviewed (unaudited) quarterly financial statements in accordance with the requirements outlined in Volume 6 (Capital Markets).

      January 2013

    • BR-1.2.2

      Licensees that are non-listed companies are required to submit to the CBB reviewed (unaudited) semi-annual financial statements on a semi-annual basis, within two months of the date of these statements. The semi-annual financial statements are to be presented in accordance with IFRS and/or AAOIFI (for sharia-compliant licensees).

      Amended: January 2014
      January 2013

    • BR-1.2.3

      The statements mentioned under Paragraphs BR-1.2.1 and BR-1.2.2 must be in compliance with the requirements set out under Section PD-2.1.

      January 2013

    • Additional Reporting Requirements for Semi Annual Disclosures

      • BR-1.2.4

        Licensees are required to submit to the CBB within two months of the end of the half year an agreed upon procedures report concerning the completeness of disclosures required by Paragraph PD-2.1.6.

        Added: April 2014

    • Requirement to Submit Draft Interim and Year-end Financial Statements

      • BR-1.2.5

        In addition to the interim financial statements requirements under Paragraphs BR-1.2.1 and BR-1.2.2, licensees must submit their draft interim and year-end financial statements to the CBB at least one week before their board meets to discuss the interim and year-end financial statements.

        Added: October 2015

      • BR-1.2.6

        Licensees that are listed companies must comply with Paragraph BR-1.2.5 on a quarterly basis, while non-listed licensees must comply on a semi-annual basis.

        Added: October 2015

    • Requirement to Submit Financial Review Report

      • BR-1.2.7

        When submitting the draft interim and year-end financial statements required under Paragraph BR-1.2.5, licensees must also submit the prescribed financial review report. The prescribed format of the report for conventional licensees is Appendix BR-11 while Islamic licensees must submit Appendix BR-12. Both appendices are included under Part B of Volume 5.

        Added: October 2015