BR-A.3.3

The most recent changes made to this Module are detailed in the table below:

Summary of Changes

Module Ref.Change DateDescription of Changes
BR-5.1.1301/04/05Notification of fraud.
BR-5.101/10/05New threshold for reporting of transfers by charities and prior approval of appointment of compliance officer /manager.
BR-5.1.401/01/06Addition of contact details to management information details.
BR-3.3, BR-4.1 & BR-5.1.1401/04/06Revised statistical returns instructions and new notification requirement for material losses.
BR-3.3 and BR-4.101/07/06Submission of Form SR-6 is a monthly requirement.
BR-4.101/07/06Deletion of references to precious metals and commodities returns. Transfer of reserve requirements material from BR-4.2 to BR-4.1.
BR-4.201/07/06Deletion of reserve requirements material (moved to BR-4.1).
BR-4.1.301/07/06Revised date for submission of statistical forms
BR-5.1.901/07/06Minor changes reflecting change of Compliance Unit to Directorate
BR-A.110/2007New Rule BR-A.1.4 introduced categorising this Module as a Directive.
BR-610/2007New Rule allowing access to premises per the provisions of the CBB Law
BR-A.2, BR-1.1, BR-4.1, BR-5.204/2008New reporting deadlines, new 7% reserves ratio, new paragraph on reporting of write-offs
BR-3.1.601/2009New Agreed Upon Procedures report for PIR
BR-1.101/2009Enhanced guidance on supplementary information and references to annual financial statements
BR-3.101/2009Reference to consolidated and non-consolidated basis dropped as only 1 PIR form is required.
BR-4.1.4b07/2009The minimum daily cash reserve balance with the CBB brought back to 5% from 7%.
BR- A.2 and BR- 4.3.410/2009New reporting arrangements for exposures to connected counterparties.
BR-A.2.10 and BR-5.1.1604/2010Approval for material transfers of assets or liabilities
BR-A.2.210/2010Due date changed to 3 months to be consistent in the Rulebook.
BR-1.1.310/2010Required information updated to be consistent in the Rulebook.
BR-1.2.510/2010Wording changed to be consistent in the Rulebooks.
BR-3.1.210/2010Reference to legal entity deleted.
BR-3.1.310/2010Reference changed to be consistent with IAS and IFRS.
BR-3.1.410/2010Wording changed to be consistent in the Rulebook.
BR-3.1.510/2010Changed to Guidance.
BR-A.2.4, BR-2.1.2 and BR-3.1.810/2010Due date changed to 2 months to be consistent in the Rulebook.
BR-3.2.5 and BR-5.110/2010References corrected.
BR10/2010Minor changes to formatting and spelling to be consistent in the Rulebook.
BR-A.1.401/2011Clarified legal basis.
BR-A.2.9A01/2011Added reference to IIS Reporting Requirements
BR-4A01/2011Added new Chapter on other reporting requirements and refer to IIS reporting requirements.
BR-A.2.404/2011Corrected order or wording.
BR-1.1.304/2011Added report on controllers required under paragraph GR-5.1.9.
BR-1.2.3 and BR-3.1.1004/2011Clarified due date.
BR-4.3.204/2011Corrected reference to licensed exchange.
BR-4.3.304/2011Clarified reference to calendar days.
BR-5.1.1, BR-5.1.2 and BR-5.1.304/2011Clarified to whom Rules apply.
BR-5.1.704/2011Clarified due date for notification.
BR-5.1.1004/2011Clarified reference to calendar days.
BR-A.2.7, BR-3.3 and BR-4.107/2011Clarified that all statistical returns must be filed monthly
BR-1.1.3 (h)07/2011Deleted incorrect cross reference.
BR-A.2.6 and BR-3.2.207/2011Corrected reference for quarterly reporting by branches of foreign banks.
BR-5.1.1607/2011Regulation under consultation.
BR-5.1.1707/2011Added additional notification requirements.
BR-A.2.5, BR-A.2.8A and BR-A.2.1010/2011Key requirements amended to reflect current reporting requirements.
BR-A.2.1210/2011Clarified language to be in line with references in BR-5.3 and BC-4.7.
BR-1.1.3 and BR-2.210/2011Clarification of existing requirement for the Agreed Upon Procedures Report and setting a deadline for the submission of the report.
BR-3.1.1010/2011This Paragraph was deleted as requirement is now part of Form PIR.
BR-3.1.12 and BR-3.2.610/2011New requirements for reporting of complaints in accordance with BC-9.7.1.
BR-4.1.5 and BR-5.1.1510/2011Updated to reflect change in reporting requirement from ad-hoc to monthly.
BR-610/2011Updated Chapter to be consistent with other Volumes of the Rulebook.
BR-6.1 and BR-6.401/2012Added Sections to be consistent with other Volumes of the CBB Rulebook.
BR-A.2.9A04/2012Corrected cross reference.
BR-1.1.3 and BR-1.1.504/2012Minor amendments.
BR-1.2.3(d) and BR-1.2.3A04/2012Amended due date of head office's annual audited financial statements.
BR-2.1.204/2012Clarified what interim semi-annual statements are to be submitted by retail branches of foreign banks.
BR-A.2.11 and BR-5.2.404/2012Requirement for locally incorporated banks to consult with CBB prior to entering into any term borrowing arrangements.
BR-5.1.4 and BR-5.1.504/2012Paragraph BR-5.1.4 deleted and BR-5.1.5 amended as any changes to approved persons must receive CBB prior approval as per Paragraph LR-1A.1.23.
BR-5.3.304/2012Added cross reference to Section BC-6.1 on installation or removal of off-site ATM in Bahrain.
BR-3.1.707/2012Clarified the exemption status for requirements under Paragraph BR-3.1.6
BR-5.1.1107/2012Added requirement to provide details of what authorised signatories are authorised to sign for.
BR-4A.1.101/2013Clarified deadline to update IIS.
BR-1.1.3(i) and BR-1.1.3A04/2013Clarified due date for report on board meetings to be in line with Paragraph HC-1.3.8.
BR-5.1.304/2013Amended to clarify that CBB prior approval is required and also added requests for capital increases.
BR-5.1.1804/2013Added requirement for CBB prior approval before exercising a call on a subordinated debt, in line with Paragraph CA-2.1.5A.
BR-4A.207/2013Added new Section on reporting requirements for internet security measures.
BR-1.1.3(l), BR-1.2.3(f), BR-1.3, BR-4A.3 and BR-4A.401/2014New reporting requirements added related to sound remuneration practices for banks.
BR-4A.2.201/2014Corrected cross reference.
BR-5.1.701/2014Added notification for any changes in financial instrument traders.
BR-1.404/2014Added requirement for all retail banks to submit the eligible accounts report for the deposits protection scheme.
BR-2.204/2014Added requirement for semi-annual report on private placements issued or promoted by banks.
BR-5.104/2014Amended notification requirements.
BR-5.204/2014Clarified Rules applicable to Bahraini conventional bank licensees pertaining to SPVs.
BR-5.3.404/2014Added notification requirement where retail banks receive funds from an NGO where no valid fund collection license was submitted.
BR-1.3.107/2014Changed due date for Details of remuneration paid report.
BR-3.1.8A07/2014Added quarterly reporting requirements regarding interim financial statements as per 22 January 2014 ad hoc communication letter.
BR-3.1.10 to BR-3.1.11A07/2014New quarterly reporting requirements added for details of large exposures and overseas subsidiaries and branches.
BR-4A.3.107/2014Noted exception to requirement to submit report on the bank's compliance with the remuneration rules.
BR-1.1.3(e)10/2014Corrected terminology for reporting of restructured loans.
BR-1.2.310/2014Reference added to new reporting form Appendix BR-21 for non-performing and restructured loans.
BR-2.310/2014New Section added on semi-annual disclosure requirements for all branches of foreign banks.
BR-3.1.8A10/2014Reference added to new form Appendix BR-20 for quarterly financial review.
BR-5.1.18 and BR-5.2.810/2014Clarified that this requirement applies to Bahraini conventional bank licensees, and not to all licensed banks.
BR-2.1.301/2015Corrected wording of Rule.
BR-4A.2.101/2015Clarified that Rule is applicable to all banks to be consistent with Section OM-6.2.
BR-5.2.201/2015Corrected cross reference and terminology.
BR-5.2.7 to BR-5.2.1101/2015Rules and guidance transferred from Module PCD.
BR-5.2.1201/2015Corrected cross reference.
BR-2.2.404/2015Amended deadline for submission of report on private placements to within three months of the reporting period.
BR-3.1.7A04/2015Existing exemptions in respect of PIR review will cease as at 31st December 2014 for all Bahraini conventional bank licensees.
BR-4A.307/2015Amended Section to allow for CBB-approved consultancy firm to prepare report on the bank's compliance with the remuneration Rules outlined in Chapter HC-5.
BR-A.2.3, BR-A.2.4, BR-1.1.2 and BR-1.2.204/2016Clarified due date for financial statements.
BR-1.104/2016Added Rule regarding submission of draft year-end financial statements and attendance at CBB meeting with supervisory point of contact and external auditor.
BR-1.1.3A07/2016Guidance provided on reporting requirements dealing with non-operational subsidiaries.
BR-1.1.3B07/2016Paragraph renumbered.
BR-1.1.507/2016Requirements aligned with PD-1.2.6.
BR-1.2.510/2016Amended terminology of annual accounts
BR-3.1.610/2016Deleted repetition
BR-1.1.304/2017Added sub-paragraph (m) on CPD requirements.
BR-1.2.304/2017Added sub-paragraph (g) on CPD requirements.
BR-4A.504/2017Added a new Section on On-site Inspection Reporting.
BR-1.1.3(k)07/2017Deleted sub paragraph (k) and relocated to BR-1.1.3C.
BR-1.1.3B07/2017Amended wording of Paragraph.
BR-1.1.3C07/2017Added new paragraph to amend submission deadline of agreed upon procedures report.
BR-4A.4.107/2017Amended submission deadline.
BR-3.1.9A10/2017Added a new paragraph on submission of Largest Country Exposures.
BR-1.2.307/2018Amended Paragraph to clarify submission deadline.
BR-5.1.707/2018Deleted Paragraph.
BR-1.1.310/2018Added a new sub-paragraph (n) on the Financial Advice Programme/course.
BR-1.2.310/2018Added a new sub-paragraph (h) on the Financial Advice Programme/course.
BR-1.1.3(e)04/2019Deleted sub-paragraph.
BR-1.2.3(b)04/2019Deleted sub-paragraph.
BR-2.304/2019Deleted Section.
BR Module04/2019Changed Locally incorporated to Bahraini Conventional Bank Licensees.
BR-3.1.104/2019Amended Paragraph.
BR-3.1.7B04/2019Added a new Paragraph on Information required for Annual and Interim Financial Review.
BR-3.2.5A04/2019Added a new Paragraph on Information required for Annual and Interim Financial Review.
BR-A.2.1007/2019Deleted sub-paragraph (d).
BR-4.3.507/2019Added a new Paragraph on new form Appendix BR-23 for Liquidity Coverage Ratio (LCR) Reporting.
BR-A.2.1310/2019Added a new Paragraph on licensees communications.
BR-5.2.904/2020Amended sub-paragraph (e).
BR-5.2.9A04/2020Added a new Paragraph on SPV reporting.
BR-5.2.9A07/2020Added a new sub-paragraph (c) on credit facilities granted to SPVs.
BR-A.2.1010/2020Added a new sub-paragraph (k) on ad-hoc reporting and notification.
BR-2.1.2A07/2021Added a new Paragraph on submission of documents to the CBB prior publishing.
BR-3.1.7B07/2021Deleted Paragraph.
BR-3.1.8A07/2021Amended Paragraph on submission of reporting forms.
BR-3.2.5A07/2021Amended Paragraph on submission of reporting forms for retail branches of foreign banks.
BR-3.2.5B07/2021New Paragraph on submission of reporting forms for wholesale branches of foreign banks.
BR-4A.607/2021Added a new Section on Reporting of API performance.
BR-5.2.607/2021Amended Paragraph on CBB’s prior approval for any proposed capital increase in a subsidiary and for any major changes.
BR-1.1.301/2022Deleted Sub-paragraph (n).
BR-1.1.3B01/2022Amended Paragraph on the submission of the Board and Committee annual meetings report.
BR-1.2.301/2022Deleted Sub-paragraph (h).
BR-3.1.401/2022Amended Paragraph on the submission of the reporting forms.
BR-3.2.301/2022Amended Paragraph on the submission of the quarterly reports.
BR-3.2.5A01/2022Amended Paragraph on the submission of the Information Required for Annual and Interim Financial Review and the PIR forms for retail banks.
BR-3.2.5B01/2022Amended Paragraph on the submission of the Information Required for Annual and Interim Financial Review and the PIR forms for wholesale banks.
BR-4.1.301/2022Amended Paragraph removing the submission of a printed copy of the Appendix BR-2.
BR-4A.5.201/2022Amended Paragraph on the submission of the written assessment of the observations/issues raised in the Inspection draft report.
BR-5.1.1101/2022Deleted Paragraph.
BR-3.1.1204/2022Amended Paragraph on reporting of complaints.
BR-3.2.604/2022Amended Paragraph on reporting of complaints.
BR-4A.204/2022Deleted Section.
BR-5.1.1004/2022Deleted Paragraph.
BR-5.3.304/2022Amended Paragraph on ATMs installation.
BR-A.2.10(g)10/2022Deleted sub-paragraph.
BR-5.1.1701/2023Amended Paragraph removing reference to OM.
BR-1.1.3B04/2023Deleted Paragraph.
BR-4A.704/2023Added a new Section on Prudential Meeting requirements.
BR-4A-3.101/2024Amended reference to HC Module.