BR-A.3.3
Past version: Effective from 01 Jan 2024 to 31 Aug 2024
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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 |
| BR-4.2 | 01/07/06 | Deletion of reserve requirements material (moved to BR 4.1). |
| BR-3.1.3 | 01/07/06 | Hard copies of PIRI no longer required. |
| BR-4.1.3 | 01/07/06 | Revised submission date for statistical returns. |
| BR-5.1.9 | 01/07/06 | Minor changes reflecting change of Compliance Unit to Directorate. |
| BR-5.3.3 | 01/07/06 | Deleted since duplicated BR-5.1.15. |
| 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-3.1, BR-4.1, BR-5.2 | 04/08 | New reporting deadlines, new 7% reserves ratio, new requirement for checking of PIRs by external auditors, new guidance on reporting of write-offs. |
| BR-3.1.4 | 01/2009 | New Agreed Upon Procedures report for PIR |
| BR-1.1 | 01/2009 | Revised guidance concerning annual reports and annual audited financial statements |
| BR-4.1.4b | 07/2009 | The minimum daily cash reserve balance with the CBB brought back to 5% from 7% |
| BR-A.2.8 and BR-4.3.4 | 10/2009 | New reporting arrangements for exposures to connected counterparties. |
| BR-A.2.9 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-1.1.4 and BR-1.2.3 | 10/2010 | Required information updated to be consistent in the Rulebook. |
| BR-1.2.5 | 10/2010 | Changed to a Rule and wording amended to be consistent in the Rulebook. |
| BR-3.1.2 | 10/2010 | Reference to legal entity deleted. |
| BR-3.1.3 | 10/2010 | Wording changed to be consistent in the Rulebook. |
| BR-A.2.3 and 2.1.2 | 10/2010 | Due date changed to 2 months to be consistent in the Rulebook. |
| BR-3.2 | 10/2010 | New Section added to be consistent in the Rulebook. |
| BR-5.1 | 10/2010 | Reference 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.2.3 | 04/2011 | Corrected order of wording. |
| BR-1.2.3 | 04/2011 | Clarified due date. |
| BR-4.3.2 | 04/2011 | Reference changed to licensed exchange. |
| BR-4.3.3 | 04/2011 | Clarified reference to calendar days. |
| BR-5.1.1 and BR-5.12 | 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.2.6, BR-3.2 and BR-4.1 | 07/2011 | Clarified that all statistical returns must be filed monthly. |
| BR-1.1.4(i) | 07/2011 | Deleted incorrect cross reference. |
| BR-3.1A.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.2.4 and BR-A.2.7A | 10/2011 | Key requirement amended to reflect current reporting requirement. |
| BR-A.2.11 | 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-3.1.8 and BR-3.1A.6 | 10/2011 | New requirements for reporting of complaints in accordance with BC-10.7.1. |
| 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-6.5.21 | 01/2012 | Corrected cross reference. |
| BR-A.2.9A | 04/2012 | Corrected cross reference. |
| BR-1.1.4 and BR-1.1.6 | 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.2.10 and BR-5.2.5 | 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-5.3.4 | 04/2012 | Added cross reference to Section BC-6.1 on installation or removal of off-site ATM in Bahrain. |
| BR-3.1.5 | 07/2012 | Clarified the exemption status for requirements under Paragraph BR-3.1.4 |
| 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-1.1.4(g) and BR-1.1.4A | 04/2013 | Clarified due date for report on board meetings to be in line with Paragraph HC-1.3.8. |
| BR-1.1.4(k) | 04/2013 | Added Subparagraph to include report on controllers as required under Paragraph GR-5.1.9. |
| BR-5.1.3 | 04/2013 | Amended to clarify that CBB prior approval is required and also added requests for capital increases. |
| BR-4A.2 | 07/2013 | Added new Section on reporting requirements for internet security measures. |
| BR-1.1.4(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-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/unrestricted investment accounts 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 Islamic bank licensees pertaining to SPVs. |
| BR-5.3.5 | 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-3.1.6A | 07/2014 | Added quarterly reporting requirements regarding interim financial statements as per 22 January 2014 ad hoc communication letter. |
| BR-3.1.7A to BR-3.1.7C | 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-1.1.4(e) | 10/2014 | Corrected terminology for reporting of restructured facilities. |
| BR-1.2.3 | 10/2014 | Reference added to new reporting form Appendix BR-21 for non-performing and restructured facilities. |
| BR-2.3 | 10/2014 | New Section added on semi-annual disclosure requirements for all branches of foreign banks. |
| BR-3.1.6A | 10/2014 | Reference added to new form Appendix BR-20 for quarterly financial review. |
| BR-3.1.7B | 10/2014 | Corrected the reporting requirements dealing with overseas banking subsidiaries. |
| 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-5.2.9 to BR-5.2.18 | 01/2015 | Rules and guidance transferred from Module PCD. |
| BR-2.2.4 | 04/2015 | Amended deadline for submission of report on private placements to within three months of the reporting period. |
| BR-3.1.5A | 04/2015 | Existing exemptions in respect of PIRI review will cease as at 31st December 2014 for all Bahraini Islamic 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.2.2, BR-A.2.3, 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-1.1.4A and BR-1.1.4B | 07/2016 | Added guidance for subsidiaries of banks and renumbered Paragraph. |
| BR-1.1.6 | 07/2016 | Requirements aligned with PD-1.2.6. |
| BR-3.1.4 | 10/2016 | Deleted repetition to BR-3.1.7 |
| BR-1.1.4 | 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 new Section on On-site Inspection Reporting |
| BR-1.1.4(j) | 07/2017 | Deleted sub paragraph (j) & relocated to BR-1.1.4C. |
| BR-1.1.4B | 07/2017 | Amended wording of paragraph. |
| BR-1.1.4C | 07/2017 | Added new paragraph to amend submission deadline of agreed upon procedures report. |
| BR-4A.4.1 | 07/2017 | Amended submission deadline. |
| BR-3.1.7AA | 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-4A.2.2 | 07/2018 | Amended cross reference. |
| BR-5.1.7 | 07/2018 | Deleted Paragraph. |
| BR-1.1.4 | 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-1.1.4 | 01/2019 | Amended Paragraph to include IESCA communication. |
| BR-1.1.4(a) | 04/2019 | Added IESCA's assurance report to the requirements. |
| BR-1.1.4(e) | 04/2019 | Deleted sub-paragraph. |
| BR-1.2.3(b) | 04/2019 | Deleted sub-paragraph. |
| BR-2.3 | 04/2019 | Deleted Section. |
| BR-3.1.5B | 04/2019 | Added a new Paragraph on Information required for Annual and Interim Financial Review. |
| BR-3.1A.5A | 04/2019 | Added a new Paragraph on Information required for Annual and Interim Financial Review. |
| BR | 04/2019 | Changed all Locally incorporated to Bahraini Islamic Bank Licensees. |
| BR-4.3.5 | 07/2019 | Added a new Paragraph on new form Appendix BR-23 for Liquidity Coverage Ratio (LCR) Reporting |
| BR-A.2.12 | 10/2019 | Added a new Paragraph on licensees communications. |
| BR-5.2.11(e) | 01/2020 | Amended sub-paragraph on SPVs. |
| BR-5.2.12 | 01/2020 | Amended Paragraph on SPVs. |
| BR-5.2.12 | 04/2020 | Amended Paragraph on SPV Reporting. |
| BR-5.2.12 | 07/2020 | Added a new sub-paragraph (d) on credit facilities granted to SPVs. |
| BR-A.2.9 | 10/2020 | Added a new sub-paragraph (k) on ad-hoc reporting and notification. |
| BR-A.2.9A | 10/2020 | Amended Paragraph number to BR-A.2.8A. |
| BR-2.1.2A | 07/2021 | Added a new Paragraph on submission of documents to the CBB prior publishing. |
| BR-3.1.5B | 07/2021 | Deleted Paragraph. |
| BR-3.1.6A | 07/2021 | Amended Paragraph on submission of reporting forms. |
| BR-3.1A.5A | 07/2021 | Amended Paragraph on submission of reporting forms for retail branches of foreign banks |
| BR-3.1A.5B | 07/2021 | New Paragraph on submission of reporting form for wholesale branches of foreign banks. |
| BR-4A.6 | 07/2021 | Added a new Section on Reporting of API Performance. |
| BR-5.2.8 | 07/2021 | Amended Paragraph on CBB’s prior approval for any proposed capital increase in a subsidiary and for any major changes. |
| BR-1.1.4 | 01/2022 | Deleted Sub-paragraph (n). |
| BR-1.1.4B | 01/2022 | Amended Paragraph on the submission of the Board and Committee annual meetings report. |
| BR-1.2.3 | 01/2022 | Deleted Sub-paragraph (h). |
| BR-3.1.3 | 01/2022 | Amended Paragraph on the submission of the reporting forms. |
| BR-3.1A.3 | 01/2022 | Amended Paragraph on the submission of the quarterly reports. |
| BR-3.1A.5A | 01/2022 | Amended Paragraph on the submission of the Information Required for Annual and Interim Financial Review and the PIR forms for retail banks. |
| BR-3.1A.5B | 01/2022 | Amended Paragraph on the submission of the Information Required for Annual and Interim Financial Review and the PIR forms for wholesale banks. |
| BR-4.1.3 | 01/2022 | Amended Paragraph removing the submission of a printed copy of the Appendix BR-2. |
| BR-4A.5.2 | 01/2022 | Amended Paragraph on the submission of the written assessment of the observations/issues raised in the Inspection draft report. |
| BR-5.1.11 | 01/2022 | Deleted Paragraph. |
| BR-3.1.8 | 04/2022 | Amended Paragraph on reporting of complaints. |
| BR-3.1A.6 | 04/2022 | Amended Paragraph on submission of complaint reports. |
| BR-4A.2 | 04/2022 | Deleted Section. |
| BR-5.1.10 | 04/2022 | Deleted Paragraph. |
| BR-5.3.4 | 04/2022 | Amended Paragraph on ATMs installation. |
| BR-A.2.9(g) | 10/2022 | Deleted sub-paragraph. |
| BR-5.1.17 | 01/2023 | Amended Paragraph removing reference to OM. |
| BR-1.1.4B | 04/2023 | Deleted Paragraph. |
| BR-4A.7 | 04/2023 | Added a new Section on Prudential Meeting requirements. |
| BR-A.2.9(d) | 10/2023 | Deleted sub-paragraph. |
| BR-4A-3.1 | 01/2024 | Amended reference to HC Module. |