BR-1.3 BR-1.3 Quarterly Prudential Requirements
PIRFM
BR-1.3.1
All
licensees must complete the PIRFM form (see Appendix BR-1 under Part B of Volume 5 for financing companies). This form is intended to be a financial report of thelicensee on a consolidated basis.Amended: October 2014
January 2013BR-1.3.2
The PIRFM form referred to under Paragraph BR-1.3.1 must be submitted to the CBB on a quarterly basis within 30 calendar days of the end of the reporting date.
Amended: January 2022
Amended: October 2014
January 2013BR-1.3.3
The CBB requires all
licensees to request their external auditor to conduct a review of the prudential return on a quarterly basis. The results of such review (in the form of an Agreed Upon Procedures report as shown in Appendix BR-6) must be submitted to the CBB's relevant supervision Directorate no later than 2 months from the end of the subject quarter. Alicensee may apply for an exemption from this requirement provided that it meets the criteria set out under Paragraph BR-1.3.4.January 2013BR-1.3.4
Licensees which demonstrate to the satisfaction of the CBB that they have fulfilled all of the CBB's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the CBB for an exemption from the review procedure set out in Paragraph BR-1.3.3. Such exemption may be withdrawn by the CBB at any time, should errors be detected.January 2013Liquidity Reporting Requirements
BR-1.3.5
In accordance with Paragraph LM-3.2.1,
licensees must report their stock liquidity and maturity mismatch ratios. The reporting of these ratios is included as part of the PIRFM return required under Paragraph BR-1.3.1. Licensees must note however that the liquidity requirements are only applicable to Bahrain operations as outlined in Paragraph LM-1.2.1.Amended: October 2014
Added: January 2014
