BC-A.3.3
The most recent changes to this Module are detailed in the table below:
Summary of Changes
| Module Ref. | Change Date | Description of Changes |
| BC-4.1 | 01/01/05 | New minimum balance and charges regulations. |
| BC-4.7 | 01/10/05 | Streamlined notification requirements regarding new products. |
| BC-7 | 01/04/06 | Margin trading rules and guidance. |
| BC-A.1 | 10/2007 | New Rule BC-A.1.4 introduced, categorising this Module as a Directive. |
| BC-8 | 04/2008 | New conduct of business requirements for Investment Business |
| BC-4.9 | 04/2008 | New requirement to comply with Code of Best Practice on Consumer Credit and Charging. |
| BC-7.2 | 07/2009 | Removal of numerical restrictions related to margin trading requirement. |
| BC-8.5.17 | 10/2010 | Clarified the wording of Rule by replacing the term "legal" with "licensing". |
| BC-A.1.4 | 01/2011 | Clarified legal basis. |
| BC-1.1.13 | 01/2011 | Corrected reference to Ministry of Industry and Commerce. |
| BC-8 | 01/2011 | Changes made to reflect new definitions related to licensed exchange(s). |
| BC-1.1.11 | 04/2011 | Clarified retention period of records for promotional schemes. |
| BC-3.1.1 and BC-4.3.1 | 04/2011 | Minor amendments to clarify Rules. |
| BC-A.2.2 | 10/2011 | Added new Section to list of activities covered by this Module. |
| BC-4.7.3 | 10/2011 | Deleted Paragraph. Reduced notification requirements on new or expanded products and facilities. |
| BC-4.8.2 | 10/2011 | Updated name of Ministry of Justice and Islamic Affairs. |
| BC-4.10 | 10/2011 | Added new Section on transaction advice. |
| BC-8.11 and BC-9 | 10/2011 | Replaced Section BC-8.11 dealing with complaints and added Chapter BC-9 Customer Complaints Procedures in line with results of consultation and made it applicable to all regulated banking services. |
| BC-9 | 01/2012 | Minor corrections to correct typos and clarify language. |
| BC-9.3.9 | 01/2012 | Paragraph deleted as it repeats what is in Paragraph BC-9.3.7. |
| BC-6.1.6 | 04/2012 | Cross reference added. |
| BC-6.1.10 and BC-6.1.11 | 04/2012 | Rule clarified and split into one Rule and one Guidance Paragraphs. |
| BC-8.2.1 | 04/2012 | Corrected cross reference. |
| BC-1.2 | 07/2012 | Added Section on Advertisements for retail banking products and services |
| BC-4.3 | 07/2012 | Corrected cross reference. |
| BC-8.5.12A | 07/2012 | Added guidance to clarify promotion material from banks. |
| BC-9.1.3A | 07/2012 | Added guidance on the appointment of the customer complaints officer. |
| BC-1.1.2 | 10/2012 | Added cross reference to advertising requirements under Section BC-1.2. |
| BC-4.3 | 10/2012 | Section amended to reflect outcome of consultation on disclosure of interest/profit rate fees and charges by retail banks. |
| BC-4.8 | 10/2012 | Amended to make Rules clearer. |
| BC-6.1.2 | 10/2012 | Clarified process for applications for the installation of off-site ATMs. |
| BC-4.4 | 01/2013 | This Section was deleted and requirements are now covered under Section FC-1.6. |
| BC-1.2.2 | 04/2013 | Corrected cross reference. |
| BC-4.3.2 | 04/2013 | Clarified Rule on instances when customers must be kept informed of charges. |
| BC-8.9.14 and BC-8.9.16(e)(v) | 04/2013 | Clarified Rules on allocations. |
| BC-9.7 | 07/2013 | Additional details provided on reporting of complaints. |
| BC-4.2.15 | 10/2013 | Corrected cross-reference. |
| BC-5.3 | 10/2013 | Updated penalty charges on dishonoured cheques. |
| BC-6.3 | 01/2014 | Added new Section on local ATM network charges. |
| BC-4.11 | 04/2014 | Added new Section on donations to NGO accounts. |
| BC-4.12 | 10/2015 | Added new Section on credit check reports. |
| BC-A.2.2, and BC-10 | 04/2016 | Added new Section on Measures and Procedures for Services Provided to Disabled Customers by Bahraini retail banks. |
| BC-6.3 | 04/2016 | Amendment to local ATM charges. |
| BC-6.1.6 | 07/2016 | Deleted reference to Ministry of Interior. |
| BC-4.7 | 10/2016 | Clarified Rules on notification for new or changes to customer products and facilities. |
| BC-4.10.1 | 10/2016 | Amendment to Transaction Advice |
| BC-4.10.2 | 10/2016 | Deleted Paragraph |
| BC-7.2.5 | 10/2016 | Rectified term 'Credit Reference Bureau' |
| BC-5A | 01/2017 | Added new Section on Return Policy – Post-Dated Cheques |
| BC-10.1, BC-10.2 and BC-10.3 | 04/2017 | Amended Paragraphs to clarify applicability of Rules. |
| BC-5.3.1 | 07/2017 | Amended Paragraph to include penalty charges on returned cheques for the reason of Insufficient Funds. |
| BC-4.1 | 04/2018 | Deleted Section on "Minimum Balance and Charges on Savings Accounts". |
| BC-4.13 | 04/2018 | Added new Section on "Fees and Charges for Services Provided to Individuals". |
| BC-5.3.2 | 04/2018 | Deleted Paragraph on "Dishonoured Cheques". |
| BC-6.2 | 04/2018 | Deleted Section on "GCC ATM Network Charges". |
| BC-6.3 | 04/2018 | Deleted Section on "Local ATM Network Charges". |
| BC-4.14 | 10/2018 | Added a new Section on Fees and Charges for Services Provided to Companies under Formation. |
| BC-11 | 10/2018 | Added a new Chapter on Financial Advice Programme. |
| BC-4.3.22 | 01/2019 | Amended Paragraph on disclosure of charges by retail banks. |
| BC-4.3.24 | 01/2019 | Amended Paragraph on disclosure to individual customers. |
| BC-4.3.25A | 01/2019 | Added a new Paragraph on rounding off in transactions. |
| BC-4.13.2 | 01/2019 | Added a new Paragraph on waived fees and charges. |
| BC-4.15 | 07/2019 | Added a new Section on Interest on Credit Card Transactions. |
| BC-4.16 | 10/2019 | Added a new Section on Interest on Credit Facilities. |
| BC-6.1 | 10/2019 | Deleted Section. |
| BC-10.2.2 | 01/2020 | Amended Paragraph. |
| BC-4.17 | 04/2020 | Added a new Section on Blocking Customer Accounts. |
| BC-9.3.15 | 04/2020 | Amended Paragraph adding reference to CBB consumer protection. |
| 04/2020 | Amended Paragraph adding reference to CBB consumer protection. | |
| BC-9.7.1 - BC-9.7.3 | 04/2020 | Amended Paragraph adding reference to CBB consumer protection. |
| BC-B | 10/2020 | Added a new Chapter on Provision of Financial Services on a Non-discriminatory Basis. |
| BC-4.18 | 10/2020 | Added a new Section on Fund Transfers by Customers of Payment Service Providers (PSP). |
| BC-4.19 | 04/2021 | Added a new Section on ‘Merchant Fees on Payments to Zakat and Charity Fund’. |
| BC-1.2.1 | 07/2021 | Deleted Paragraph. |
| BC-1.2.2 | 07/2021 | Deleted Paragraph. |
| BC-4.3.6 | 07/2021 | Amended Paragraph. |
| BC-1.1 | 01/2022 | Added new enhanced Section on Promotions. |
| BC-1.2 | 01/2022 | Added new enhanced Section on Advertisements. |
| BC-4.20 | 01/2022 | Added a new Section on Dormant Accounts and Unclaimed Balances. |
| BC-11.1.3 | 01/2022 | Deleted Paragraph. |
| BC-2.8.2 | 04/2022 | Deleted Subparagraph (b). |
| BC-4.20.7 | 07/2022 | Amended Paragraph on dormant accounts activity. |
| BC-11.1.1 | 07/2022 | Amended Paragraph on the Financial Advice Program (FAP). |
| BC-4.21 | 01/2024 | Added a new Section on Insurance cover on loans. |