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CM-6.1.3

All Bahraini Islamic bank licensees must obtain the CBB's written no-objection before writing off any of the following:

(a) Exposures to or guaranteed by any approved persons of the bank or any other CBB licensee;
(b) [This Subparagraph was deleted in October 2016];
(c) Exposures to controllers, subsidiaries, associates and SSB members of the bank;
(d) [This Subparagraph was deleted in October 2015];
(e) Exposures to any business entity for which the bank or any of its approved persons is a related party such as a board member, a shareholder owning 5% or more, a person assuming a managerial role, a guarantor; and
(f) Exposures to any controller of another CBB licensee (as defined in Section GR-5.2 — definition of Controller).
Amended: October 2016
Amended: October 2015
Amended: July 2011
Amended: January 2011
Amended: April 2008
October 2007