BR-A.3.3
Past version: Effective from 01 Oct 2019 to 31 Mar 2020
To view other versions open the versions tab on the right
The most recent changes made to this Module are detailed in the table below:
Summary of Changes
| Module Ref. | Change Date | Description of Changes |
| BR-5.1.13 | 01/04/05 | Notification of fraud. |
| BR-5.1 | 01/10/05 | New threshold for reporting of transfers by charities and prior approval of appointment of compliance officer /manager. |
| BR-5.1.4 | 01/01/06 | Addition of contact details to management information details. |
| BR-3.3, BR-4.1 & BR-5.1.14 | 01/04/06 | Revised statistical returns instructions and new notification requirement for material losses. |
| BR-3.3 and BR-4.1 | 01/07/06 | Submission of Form SR-6 is a monthly requirement. |
| BR-4.1 | 01/07/06 | Deletion of references to precious metals and commodities returns. Transfer of reserve requirements material from BR-4.2 to BR-4.1. |
| BR-4.2 | 01/07/06 | Deletion of reserve requirements material (moved to BR-4.1). |
| BR-4.1.3 | 01/07/06 | Revised date for submission of statistical forms |
| BR-5.1.9 | 01/07/06 | Minor changes reflecting change of Compliance Unit to Directorate |
| BR-A.1 | 10/2007 | New Rule BR-A.1.4 introduced categorising this Module as a Directive. |
| BR-6 | 10/2007 | New Rule allowing access to premises per the provisions of the CBB Law |
| BR-A.2, BR-1.1, BR-4.1, BR-5.2 | 04/2008 | New reporting deadlines, new 7% reserves ratio, new paragraph on reporting of write-offs |
| BR-3.1.6 | 01/2009 | New Agreed Upon Procedures report for PIR |
| BR-1.1 | 01/2009 | Enhanced guidance on supplementary information and references to annual financial statements |
| BR-3.1 | 01/2009 | Reference to consolidated and non-consolidated basis dropped as only 1 PIR form is required. |
| BR-4.1.4b | 07/2009 | The minimum daily cash reserve balance with the CBB brought back to 5% from 7%. |
| BR- A.2 and BR- 4.3.4 | 10/2009 | New reporting arrangements for exposures to connected counterparties. |
| BR-A.2.10 and BR-5.1.16 | 04/2010 | Approval for material transfers of assets or liabilities |
| BR-A.2.2 | 10/2010 | Due date changed to 3 months to be consistent in the Rulebook. |
| BR-1.1.3 | 10/2010 | Required information updated to be consistent in the Rulebook. |
| BR-1.2.5 | 10/2010 | Wording changed to be consistent in the Rulebooks. |
| BR-3.1.2 | 10/2010 | Reference to legal entity deleted. |
| BR-3.1.3 | 10/2010 | Reference changed to be consistent with IAS and IFRS. |
| BR-3.1.4 | 10/2010 | Wording changed to be consistent in the Rulebook. |
| BR-3.1.5 | 10/2010 | Changed to Guidance. |
| BR-A.2.4, BR-2.1.2 and BR-3.1.8 | 10/2010 | Due date changed to 2 months to be consistent in the Rulebook. |
| BR-3.2.5 and BR-5.1 | 10/2010 | References corrected. |
| BR | 10/2010 | Minor changes to formatting and spelling to be consistent in the Rulebook. |
| BR-A.1.4 | 01/2011 | Clarified legal basis. |
| BR-A.2.9A | 01/2011 | Added reference to IIS Reporting Requirements |
| BR-4A | 01/2011 | Added new Chapter on other reporting requirements and refer to IIS reporting requirements. |
| BR-A.2.4 | 04/2011 | Corrected order or wording. |
| BR-1.1.3 | 04/2011 | Added report on controllers required under paragraph GR-5.1.9. |
| BR-1.2.3 and BR-3.1.10 | 04/2011 | Clarified due date. |
| BR-4.3.2 | 04/2011 | Corrected reference to licensed exchange. |
| BR-4.3.3 | 04/2011 | Clarified reference to calendar days. |
| BR-5.1.1, BR-5.1.2 and BR-5.1.3 | 04/2011 | Clarified to whom Rules apply. |
| BR-5.1.7 | 04/2011 | Clarified due date for notification. |
| BR-5.1.10 | 04/2011 | Clarified reference to calendar days. |
| BR-A.2.7, BR-3.3 and BR-4.1 | 07/2011 | Clarified that all statistical returns must be filed monthly |
| BR-1.1.3 (h) | 07/2011 | Deleted incorrect cross reference. |
| BR-A.2.6 and BR-3.2.2 | 07/2011 | Corrected reference for quarterly reporting by branches of foreign banks. |
| BR-5.1.16 | 07/2011 | Regulation under consultation. |
| BR-5.1.17 | 07/2011 | Added additional notification requirements. |
| BR-A.2.5, BR-A.2.8A and BR-A.2.10 | 10/2011 | Key requirements amended to reflect current reporting requirements. |
| BR-A.2.12 | 10/2011 | Clarified language to be in line with references in BR-5.3 and BC-4.7. |
| BR-1.1.3 and BR-2.2 | 10/2011 | Clarification of existing requirement for the Agreed Upon Procedures Report and setting a deadline for the submission of the report. |
| BR-3.1.10 | 10/2011 | This Paragraph was deleted as requirement is now part of Form PIR. |
| BR-3.1.12 and BR-3.2.6 | 10/2011 | New requirements for reporting of complaints in accordance with BC-9.7.1. |
| BR-4.1.5 and BR-5.1.15 | 10/2011 | Updated to reflect change in reporting requirement from ad-hoc to monthly. |
| BR-6 | 10/2011 | Updated Chapter to be consistent with other Volumes of the Rulebook. |
| BR-6.1 and BR-6.4 | 01/2012 | Added Sections to be consistent with other Volumes of the CBB Rulebook. |
| BR-A.2.9A | 04/2012 | Corrected cross reference. |
| BR-1.1.3 and BR-1.1.5 | 04/2012 | Minor amendments. |
| BR-1.2.3(d) and BR-1.2.3A | 04/2012 | Amended due date of head office's annual audited financial statements. |
| BR-2.1.2 | 04/2012 | Clarified what interim semi-annual statements are to be submitted by retail branches of foreign banks. |
| BR-A.2.11 and BR-5.2.4 | 04/2012 | Requirement for locally incorporated banks to consult with CBB prior to entering into any term borrowing arrangements. |
| BR-5.1.4 and BR-5.1.5 | 04/2012 | Paragraph 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-5.3.3 | 04/2012 | Added cross reference to Section BC-6.1 on installation or removal of off-site ATM in Bahrain. |
| BR-3.1.7 | 07/2012 | Clarified the exemption status for requirements under Paragraph BR-3.1.6 |
| BR-5.1.11 | 07/2012 | Added requirement to provide details of what authorised signatories are authorised to sign for. |
| BR-4A.1.1 | 01/2013 | Clarified deadline to update IIS. |
| BR-1.1.3(i) and BR-1.1.3A | 04/2013 | Clarified due date for report on board meetings to be in line with Paragraph HC-1.3.8. |
| BR-5.1.3 | 04/2013 | Amended to clarify that CBB prior approval is required and also added requests for capital increases. |
| BR-5.1.18 | 04/2013 | Added requirement for CBB prior approval before exercising a call on a subordinated debt, in line with Paragraph CA-2.1.5A. |
| BR-4A.2 | 07/2013 | Added 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.4 | 01/2014 | New reporting requirements added related to sound remuneration practices for banks. |
| BR-4A.2.2 | 01/2014 | Corrected cross reference. |
| BR-5.1.7 | 01/2014 | Added notification for any changes in financial instrument traders. |
| BR-1.4 | 04/2014 | Added requirement for all retail banks to submit the eligible accounts report for the deposits protection scheme. |
| BR-2.2 | 04/2014 | Added requirement for semi-annual report on private placements issued or promoted by banks. |
| BR-5.1 | 04/2014 | Amended notification requirements. |
| BR-5.2 | 04/2014 | Clarified Rules applicable to Bahraini conventional bank licensees pertaining to SPVs. |
| BR-5.3.4 | 04/2014 | Added notification requirement where retail banks receive funds from an NGO where no valid fund collection license was submitted. |
| BR-1.3.1 | 07/2014 | Changed due date for Details of remuneration paid report. |
| BR-3.1.8A | 07/2014 | Added quarterly reporting requirements regarding interim financial statements as per 22 January 2014 ad hoc communication letter. |
| BR-3.1.10 to BR-3.1.11A | 07/2014 | New quarterly reporting requirements added for details of large exposures and overseas subsidiaries and branches. |
| BR-4A.3.1 | 07/2014 | Noted exception to requirement to submit report on the bank's compliance with the remuneration rules. |
| BR-1.1.3(e) | 10/2014 | Corrected terminology for reporting of restructured loans. |
| BR-1.2.3 | 10/2014 | Reference added to new reporting form Appendix BR-21 for non-performing and restructured loans. |
| BR-2.3 | 10/2014 | New Section added on semi-annual disclosure requirements for all branches of foreign banks. |
| BR-3.1.8A | 10/2014 | Reference added to new form Appendix BR-20 for quarterly financial review. |
| BR-5.1.18 and BR-5.2.8 | 10/2014 | Clarified that this requirement applies to Bahraini conventional bank licensees, and not to all licensed banks. |
| BR-2.1.3 | 01/2015 | Corrected wording of Rule. |
| BR-4A.2.1 | 01/2015 | Clarified that Rule is applicable to all banks to be consistent with Section OM-6.2. |
| BR-5.2.2 | 01/2015 | Corrected cross reference and terminology. |
| BR-5.2.7 to BR-5.2.11 | 01/2015 | Rules and guidance transferred from Module PCD. |
| BR-5.2.12 | 01/2015 | Corrected cross reference. |
| BR-2.2.4 | 04/2015 | Amended deadline for submission of report on private placements to within three months of the reporting period. |
| BR-3.1.7A | 04/2015 | Existing exemptions in respect of PIR review will cease as at 31st December 2014 for all Bahraini conventional bank licensees. |
| BR-4A.3 | 07/2015 | Amended 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-1.2.2 | 04/2016 | Clarified due date for financial statements. |
| BR-1.1 | 04/2016 | Added Rule regarding submission of draft year-end financial statements and attendance at CBB meeting with supervisory point of contact and external auditor. |
| BR-1.1.3A | 07/2016 | Guidance provided on reporting requirements dealing with non-operational subsidiaries. |
| BR-1.1.3B | 07/2016 | Paragraph renumbered. |
| BR-1.1.5 | 07/2016 | Requirements aligned with PD-1.2.6. |
| BR-1.2.5 | 10/2016 | Amended terminology of annual accounts |
| BR-3.1.6 | 10/2016 | Deleted repetition |
| BR-1.1.3 | 04/2017 | Added sub-paragraph (m) on CPD requirements. |
| BR-1.2.3 | 04/2017 | Added sub-paragraph (g) on CPD requirements. |
| BR-4A.5 | 04/2017 | Added a new Section on On-site Inspection Reporting. |
| BR-1.1.3(k) | 07/2017 | Deleted sub paragraph (k) and relocated to BR-1.1.3C. |
| BR-1.1.3B | 07/2017 | Amended wording of Paragraph. |
| BR-1.1.3C | 07/2017 | Added new paragraph to amend submission deadline of agreed upon procedures report. |
| BR-4A.4.1 | 07/2017 | Amended submission deadline. |
| BR-3.1.9A | 10/2017 | Added a new paragraph on submission of Largest Country Exposures. |
| BR-1.2.3 | 07/2018 | Amended Paragraph to clarify submission deadline. |
| BR-5.1.7 | 07/2018 | Deleted Paragraph. |
| BR-1.1.3 | 10/2018 | Added a new sub-paragraph (n) on the Financial Advice Programme/course. |
| BR-1.2.3 | 10/2018 | Added a new sub-paragraph (h) on the Financial Advice Programme/course. |
| BR-1.1.3(e) | 04/2019 | Deleted sub-paragraph. |
| BR-1.2.3(b) | 04/2019 | Deleted sub-paragraph. |
| BR-2.3 | 04/2019 | Deleted Section. |
| BR Module | 04/2019 | Changed Locally incorporated to Bahraini Conventional Bank Licensees. |
| BR-3.1.1 | 04/2019 | Amended Paragraph. |
| BR-3.1.7B | 04/2019 | Added a new Paragraph on Information required for Annual and Interim Financial Review. |
| BR-3.2.5A | 04/2019 | Added a new Paragraph on Information required for Annual and Interim Financial Review. |
| BR-A.2.10 | 07/2019 | Deleted sub-paragraph (d). |
| BR-4.3.5 | 07/2019 | Added a new Paragraph on new form Appendix BR-23 for Liquidity Coverage Ratio (LCR) Reporting. |
| BR-A.2.13 | 10/2019 | Added a new Paragraph on licensees communications. |