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  • GR-A GR-A Introduction

    • GR-A.1 GR-A.1 Purpose

      • Executive Summary

        • GR-A.1.1

          This 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 general requirements on books and records, the use of corporate and trade names, the distribution of dividends, controllers, close links and cessation of business. Each set of requirements is contained in its own Chapter.

          January 2014

      • 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 microfinance institution 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 controllers (see Chapter GR-5) are also included in Regulations, to be issued by the CBB.

          January 2014

        • GR-A.1.3

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

          January 2014

    • GR-A.2 GR-A.2 Module History

      • Evolution of Module

        • GR-A.2.1

          This Module was first issued in January 2014 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.

          January 2014

        • 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-6.1 10/2016 Added additional requirement for cessation of business to be consistent with other Volumes of the CBB Rulebook.
          GR-4.1.8 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 Amended paragraph and changed from Guidance to Rule.
          GR-4.1.1A 04/2019 Added a new Paragraph on exposure to controllers.
          GR-4.1.1B 04/2019 Added a new Paragraph on exposure to controllers.
          GR-1.2.1 01/2020 Amended Paragraph.
          GR-6.1.8 04/2020 Amended Paragraph.
          GR-2.1.1 01/2022 Amended Paragraph on change of licensee corporate and legal name.
          GR-2.1.3 01/2022 Amended Paragraph to refer to change in legal name.

      • Superseded Requirements

        • GR-A.2.3

          This Module supersedes the following provisions contained in circulars or other regulatory requirements:

          Document Ref. Document Subject
          Volumes 1 and 2 Module GR
             
          January 2014