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GR-1.3.2

In the case of Bahraini Islamic bank licensees, these requirements apply to the licensee as a whole, including any overseas branches. In the case of overseas Islamic bank licensees, all the requirements of Chapter GR-1 are limited to the business booked in their branch in Bahrain and the records of that branch (see Rule GR-1.1.1). They are thus not required to hold copies of shareholders' and Directors' meetings, and Shari'a board meetings, except where relevant to the branch's operations.