CM-A.3.2

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 exposure requirements along with a consistency alignment of Volume One and Volume Two.
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.
CM-1.2.6 07/2020 Added a new Paragraph on CRB members requirements.
CM-1.2.7 07/2020 Added a new Paragraph on compliance with CBB Law.
CM-8.4.10 07/2021 Amended submission of technically non-compliant facilities report.
CM-8.4.10 01/2022 Amended Paragraph on submission of technically non-compliant facilities report.