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  • BR-A BR-A Introduction

    • BR-A.1 BR-A.1 Purpose

      • Executive Summary

        • BR-A.1.1

          This Module sets out requirements applicable to ancillary service provider licensees regarding reporting to the CBB. These include the provision of financial information to the CBB by way of prudential returns, as well as notification to the CBB of certain specified events, some of which require prior CBB approval. This Module also outlines the methods used by the CBB in gathering information required in the supervision of ancillary service provider licensees.

          April 2016

        • BR-A.1.2

          This Module provides support for certain other parts of the Rulebook, mainly:

          (a) Principles of Business;
          (c) Risk Management (to be issued);
          (d) Financial Crime;
          (e) High-Level Controls (to be issued); and
          (f) Auditors and Accounting Standards.
          April 2016

        • BR-A.1.3

          Unless otherwise stated, all reports referred to in this Module should be addressed to the Director of relevant supervision directorate of the CBB.

          April 2016

      • Legal Basis

        • BR-A.1.4

          This Module contains the CBB's Directive relating to reporting requirements applicable to ancillary service provider 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 and its amendments ('CBB Law').

          April 2016

        • BR-A.1.5

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

          April 2016

    • BR-A.2 BR-A.2 Module History

      • Evolution of Module

        • BR-A.2.1

          This Module was first issued in April 2016. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made: UG-3 provides further details on Rulebook maintenance and version control.

          April 2016

        • BR-A.2.2

          A list of recent changes made to this Module is provided below:

          Module Ref.Change DateDescription of Changes
          BR-1.404/2017Added a new Section on Onsite Inspection Reporting.
          BR-2.2.612/2018Amended sub-paragraphs (a) & (b).
          BR-1.1.1A10/2019Added a new Paragraph on disclosure of financial penalties.
          BR-2.3.601/2020Amended Paragraph.
          BR-1.1.607/2020Added a new Paragraph on audited clients money report.
          BR-1.1.601/2021Amended Paragraph on audited clients money report.
          BR-1.1.701/2021Added a new Paragraph on audited clients money.
          BR-1.4.201/2022Amended Paragraph on the submission of the written assessment of the observations/issues raised in the Inspection draft report.
          BR-1.504/2022Added a new Section on other reporting requirements.
          BR-2.3.701/2023Amended Paragraph based on the new outsourcing requirements.
          BR-1.1.604/2023Amended Paragraph on client money requirements.
          BR-1.1.704/2023Moved Paragraph to GR-15.1.5.
          BR-2.2.1707/2023Amended Paragraph on notification to the CBB of any new products or services with added cost.
          BR-1.5.205/2024Added a new Paragraph on report submission requirements of AISPs and PISPs.

      • Superseded Requirements

        • BR-A.2.3

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

          Circular / other reference Subject
          Standard Conditions and Licensing Criteria for Providers of Ancillary Services to the Financial Sector Scope of license and licensing conditions.
          April 2016