CM-A.3.2
Past version: Effective from 01 Jan 2020 to 30 Jun 2020
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The most recent changes made to this Module are detailed in the table below:
Summary of Changes
| Module Ref. | Change Date | Description of Changes |
| CM 8 | 1/1/2005 | Revised Consumer Finance Limits |
| CMA-2 | 1/1/2005 | Revised Key Requirements to reflect CM 8 above |
| CM 8.3 | 1/7/2005 | Revised definition of 'consumer loan' |
| CM 3.2 | 1/10/2005 | Role of internal audit becomes a rule |
| CM 8.4 | 1/10/2005 | Clarifications re non-compliant facilities |
| CM-A.1 | 10/2007 | New Rule CM-A.1.3 introduced, categorising this Module as a Directive. |
| CM-8 | 10/2007 | New Requirement to follow the "Code of Best practice on Consumer Credit and Charging". |
| CM-1.2 | 10/2007 | Membership of CRB |
| CM-7.1 | 04/2008 | Guidance concerning material interest as shareholder for write-offs |
| CM-8.6 | 04/2008 | New Refund and prepayment requirements |
| CM-5.7 | 10/2009 | New reporting arrangements for exposures of connected counterparties. |
| CM-5.7 | 01/2010 | Revised reference for LE reporting |
| CM-A.1.3 | 01/2011 | Clarified legal basis. |
| CM-5 | 01/2011 |
Changes made to incorporate Basel Core Principle 5 and new large |
| CM-A.1.1 | 04/2011 | Corrected typo. |
| CM-A.2.4 | 04/2011 | Corrected cross reference in line with new limits introduced in January 2011. |
| CM-5.3.1(c), CM-5.6.1 | 04/2011 | Corrected cross reference. |
| CM | 07/2011 | Various minor amendments to clarify Rules and have consistent language. |
| CM-5.5.9 | 07/2011 | Amended the definition of connected counterparties. |
| CM-8.5.9 and CM-8.5.10 | 10/2011 | Corrected elements of APR formula. |
| CM-8.5.12 | 10/2011 | Paragraph deleted as it does not reflect current practice on residual interest. |
| CM-5.5.1.E | 01/2012 | Amended definition of qualifying holdings |
| CM-5.6 | 01/2012 | Clarified and amended the Rules on temporary exposures. |
| CM-5.10.3 | 01/2012 | Clarified the Rule on future increases in qualifying holdings. |
| CM-8.4.9 | 01/2012 | Changed Rule to Guidance. |
| CM-5.6.2 | 04/2012 | Clarified Rules on temporary exposures. |
| CM-A.2.8 | 07/2012 | Updated reference to Bahrain Association of Banks. |
| CM-5.5.6 | 07/2012 | Clarified the definition of 'controlling interest'. |
| CM-5.5.7A | 07/2012 | CBB prior approval required for excess over limits to connected counterparties. |
| CM-5.5.9 | 07/2012 | Minor correction. |
| CM-5.10.3 | 07/2012 | Amendment made to be in line with updated definition of qualifying holdings. |
| CM-8.5.4 | 07/2012 | Minor typo corrected. |
| CM-8.5 | 10/2012 | This Section was deleted and requirements are now included in Section BC-4.3. |
| CM-A.2.10 | 01/2013 | Clarified Rule related to the write-off of a credit facility. |
| CM-5.5.11 | 07/2013 | Clarified Rule on the amount that must be deducted from the capital base where exposure exceeds the limit stipulated. |
| CM-8.6.2 | 07/2013 | Clarified the type of mortgages on which the CBB imposes a ceiling on early repayment fees and/or charges. |
| CM-1.2.4 | 10/2013 | Amended to reflect the expanded scope of activities of the Credit Reference Bureau and the membership requirements. |
| CM-8.4.4 | 10/2013 | Updated reference to Eskan Bank to reflect new name. |
| CM-1.2.4 | 01/2014 | Clarified Rule to apply to credit facilities to residents in Bahrain. |
| CM-A.2, CM-4.3 and CM-5 | 04/2014 | Added cross references and corrected terminology to link to Glossary terms. |
| CM-6.1 | 04/2014 | Clarified Rules on staff loans. |
| CM-8.2.4 | 04/2014 | Reference updated for the code of best practice on consumer credit and charging. |
| CM-5.10.2A | 07/2014 | Added a guidance Paragraph to clarify the treatment of investments in commercial entities which are otherwise not connected to the bank. |
| CM-A.2 and CM-5 | 01/2015 | Corrected to be aligned with updated requirements under Module CA. |
| CM-5.3.2 | 01/2015 | Added reference to transactions subject to the Regulation on close-out netting under a market contract. |
| CM-5.5.1B | 01/2015 | Corrected cross reference. |
| CM-5.5.1E | 04/2015 | Deleted cross reference as not applicable. |
| CM-5.6.2B and CM-5.10.10 | 04/2015 | Corrected reference to consolidated Total Capital to be in line with Module CA. |
| CM-5.7.1 | 04/2015 | Added reference to Appendix BR-19 for reporting the financial details of each large exposure. |
| CM-5.10.3 | 04/2015 | Clarified language on the treatment of significant investments over the thresholds outlined in Paragraph CA-2.4.25. |
| CM-5.7.1, CM-5.7.1A and CM-5.7.1B | 07/2015 | Clarified the reporting requirements of exposures. |
| CM-5.5.11 | 10/2015 | Clarified limits on large exposures. |
| CM-7.1 | 10/2015 | Amended Rules on write-offs. |
| CM-5.5.1E | 10/2016 | Amended definition of major investment |
| CM-5.5.3 | 10/2016 | Added “Limits to Significant Investments” new Section reference |
| CM-5.10.2 | 10/2016 | Major investments defined |
| CM-5.10.2A | 10/2016 | Paragraph moved to CM-5.11.4 |
| CM-5.10.3 | 10/2016 | Amended and split into CM-5.10.3 A, B, C & D |
| CM-5.10.3D | 10/2016 | Amended Rule |
| CM-5.10.6 | 10/2016 | Moved to new section 5.11 |
| CM-5.10.7 | 10/2016 | Moved to new section 5.11 |
| CM-5.10.8 | 10/2016 | Moved to new section 5.11 |
| CM-5.10.10 | 10/2016 | Amended 'Acquisitions' to be 'Investments' |
| CM-5.11 | 10/2016 | New Section 'Limits on Significant Investments' |
| CM-7.1.1 | 10/2016 | Amended the Write-offs Section |
| CM-8.4.5 | 10/2016 | Amendments to clarify the Rule |
|
CM-A2.2A CM-5.5.3A |
01/2017 | Added a new requirement on Large Exposures. |
|
CM-5.5.5A CM-5.5.9B |
01/2017 | Added Paragraphs on closely related counterparties and connected counterparties. |
| CM-4.5 | 07/2017 | Added new Section on 'Country and Transfer Risks' |
| CM-8.6.2 | 04/2018 | Deleted Paragraph on "Early Repayment Fees/Charges". |
| CM-8.4.10 | 10/2019 | Amended Paragraph on non-compliant facilities. |
| CM-5.6.2D | 01/2020 | Amended Paragraph on approval of the banks policies and procedures. |