The contents of this Chapter apply in full to all locally incorporated Islamic banks in the Kingdom of Bahrain both on a consolidated basis, and on a solo basis¹.

¹ This change is necessary in respect of exposures by just the Head Office/ parent, but also in respect of exposures by the parent and its subsidiaries i.e. a parent may have an exposure to counterparty A that exceeds 15% on a solo basis but is (say) 12% on a consolidated basis.