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 thelicensee on a consolidated basis.Licensees must include all assets and liabilities of their head office and theirbranches in Bahrain (if any) and abroad (and subsidiaries, where applicable).Amended: January 2020
Added: January 2014BR-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 2014BR-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. Alicensee may apply for exemption from this requirement provided that it meets the criteria set out under Paragraph BR-1.2.4.January 2014BR-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 2014BR-1.2.5
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
January 2014