• BR-1.2 BR-1.2 Quarterly Requirements

    • BR-1.2.1

      All licensees must complete the PIRMF form (see Appendix BR-1 under Part B of Volume 5 for microfinance institutions). This form is intended to be a financial report of the licensee on a consolidated basis. Licensees must include all assets and liabilities of their head office and their branches in Bahrain (if any) and abroad (and subsidiaries, where applicable).

      Amended: January 2020
      Added: January 2014

    • BR-1.2.2

      The PIRMF forms referred to under Paragraph BR-1.2.1 must be submitted to the CBB on a quarterly basis within 30 calendar days of the end of the reporting date.

      Amended: January 2022
      Added: January 2014

    • BR-1.2.3

      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-3) must be submitted to the CBB's relevant supervision Directorate no later than 2 months from the end of the subject quarter. A licensee may apply for exemption from this requirement provided that it meets the criteria set out under Paragraph BR-1.2.4.

      January 2014

    • BR-1.2.4

      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-1.2.3.

      January 2014

    • BR-1.2.5

      [This Paragraph was deleted in April 2014.]

      Deleted: April 2014
      January 2014