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 2014Legal 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 2014GR-A.1.3
For an explanation of the CBB's rule-making powers and different regulatory instruments, see section UG-1.1.
January 2014
