LR-A.2.4
A list of recent changes made to this Module is provided below:
| Module Reference | Change Date | Description of Changes |
| LR-6 | 01/2005 | New guidance on record-keeping. |
| Whole Module | 07/2006 | Whole Module reissued to reflect integrated license framework: new license categories and updated licensing conditions introduced. |
| LR-A.1.2 | 10/2007 | New Rule LR-A.1.2 introduced, categorising this Module as a Directive. |
| LR-1.4 | 10/2007 | New section added on Shari'a Compliant Transactions |
| LR-A.2.8 | 10/2007 | Changes to provision of information requirements as result of CBB Law |
| LR-3 | 10/2007 | Revised requirements due to new CBB Law |
| LR-4 | 10/2007 | New Chapter LR-4 on application and license fees (incorporating material on fees previously contained in Module GR). |
| LR-2.5.10 | 04/2008 | Minimum daily cash reserve balance with the CBB increased from 5% to 7%. |
| LR-1.2.16 | 04/2008 | Lower threshold of $100,000 for investment business transactions for wholesale banks |
| LR-2.5.10 | 07/2009 | Minimum daily cash reserve balance with the CBB brought back to 5% from 7%. |
| LR | 10/2010 | Various minor amendments to ensure consistency in formatting of CBB Rulebook. |
| LR-A.1.2 | 10/2010 | Revised legal basis. |
| LR-1A | 10/2010 | New Chapter on Approved Persons moved from Section HC-1.2 and from Paragraphs in Section HC-1.5. |
| LR-3.1.12A | 10/2010 | Added new paragraph, requiring capital to be injected prior to license being issued. |
| LR-3.1.15 | 10/2010 | Additional details pertaining to information required, within 6 months of a license being issued. |
| LR-3.1.15A | 10/2010 | Transition rule added to comply with new requirement under Subparagraph HC-3.1.15(j). |
| LR-4.2.13 | 10/2010 | Amendment to guidance. |
| LR | 01/2011 | Various minor amendments to ensure consistency in formatting of CBB Rulebook. |
| LR-A.1.2 | 01/2011 | Clarified legal basis. |
| LR-3.1.5 and 3.1.5A | 01/2011 | Clarified the use of letters of guarantee as part of the licensing process. |
| LR-4.2.9A | 01/2001 | Added the requirement for annual fees for SPV's to be in line with the requirements of Resolution No (1) of 2007. |
| LR-A.1.4 | 04/2011 | Corrected issue date. |
| LR-3.1.3 | 04/2011 | Clarified the appointment of a representative as part of the licensing process. |
| LR-3.1.5(l) | 04/2011 | Deleted reference to Phase 1. |
| LR-4.2.9A | 04/2011 | Clarified the payment of annual license fees for SPVs. |
| LR-1.4.6 | 07/2011 | Added Paragraph concerning Shari'a compliant financing contracts for the purchase of land and property. |
| LR-2.8.1 | 07/2011 | Updated language to reflect current terminology. |
| LR-A.1.2 | 10/2011 | New reference added to reflect the issuance of Resolution No.(43) of 2011. |
| LR-3.3 | 10/2011 | Clarified language on cancellation of a license or closure of a branch to be in line with other Volumes of the CBB Rulebook. |
| LR-1A.1.23 | 04/2012 | Last sentence of Paragraph deleted as cross reference no longer applies. |
| LR-A.1.2 | 07/2012 | Added reference to Regulation No 1 of 2007 pertaining to regulated services. |
| LR-A.1.13 and LR-A.1.14 | 07/2012 | Amended Paragraphs to reflect updates for Volume 5 |
| LR-B.1.3 | 07/2012 | Corrected cross-reference. |
| LR-1.2.10 | 07/2012 | Reference to 'other banks' deleted. |
| LR-1A.1.20 | 07/2012 | Changed Guidance to Rule. |
| LR-1A.2.4 | 07/2012 | Added cross-reference. |
| LR-1A.3.3 | 07/2012 | Corrected cross-reference. |
| LR-2.8.1 and LR-2.8.2 | 07/2012 | Attributed reference to CBB Law to correct Paragraph. |
| LR-3.1.18 | 07/2012 | Corrected cross-reference. |
| LR-4.2.9B | 07/2012 | Added guidance regarding annual fees of SPVs of Bahrain domiciled CIUs. |
| LR-A.1.2 | 01/2013 | Updated legal basis. |
| LR-A.1.4 | 01/2013 | Updated reference to when Volume 5 will be issued. |
| LR-B.1.1 | 01/2013 | Updated prohibition as per issuance of Resolution No.(16) for the year 2012. |
| LR-1.1 | 01/2013 | References added to requirements under Resolution No.(16) for the year 2012. |
| LR-1.3.18 | 01/2013 | Corrected typo. |
| LR-1.3.36 to LR-1.3.39 | 01/2013 | Updated reference to CIU to be aligned with Volume 7. |
| LR-1A.1.3 | 01/2013 | Clarified approval requirements for controlled functions for Bahrain operations. |
| LR-4.2 | 07/2013 | Amended due date and collection process for annual license fee. |
| LR-1A.1 | 10/2013 | Aligned controlled functions with Module TC. |
| LR-4.2.9A | 10/2013 | Clarified annual license fees for newly established SPVs. |
| LR-1.2.20 | 01/2014 | Updated to refer to |
| LR-1A.1.3 | 01/2014 | Correction made to clarify which controlled functions are in relation to Bahrain operations. |
| LR-1A.1.17 | 01/2014 | Amended requirement for notification for appointment of financial instrument trader and moved requirement to Paragraph BR-5.1.7. |
| LR-2.8.1 | 01/2014 | Corrected to refer to proper accounting standards. |
| LR-1A.1 | 04/2014 | Amended Rule on notification requirements dealing with approved persons. |
| LR-1.4.5 | 04/2015 | Corrected reference in Rule to 'customers'. |
| LR-A.1.2 | 01/2016 | Legal basis updated to reflect Resolution No (23) of 2015. |
| LR-1.4.4 | 01/2016 | Expanded the scope of Shari'a compliant investments allowed for the bank's own account. |
| LR-1A | 01/2016 | Amended to reflect the issuance of Resolution No. (23) of the year 2015 dealing with approved persons. |
| LR-1A.1.20B | 04/2016 | Clarified approval process for applicants for approved persons. |
| LR-1A.1.18C | 07/2016 | Clarified Guidance on authorised representative for approval of controlled functions. |
| LR-3.1.11 | 10/2016 | Added definition of certification |
| LR-2.5.2 | 04/2017 | Deleted Paragraph on minimum paid up capital requirement. |
| LR-2.5.2A | 04/2017 | Added new paragraph on minimum paid up capital requirement for locally incorporated retail banks. |
| LR-2.5.2B | 04/2017 | Added new paragraph on minimum paid up capital requirement for locally incorporated wholesale banks. |
| LR-2.5.6 | 04/2017 | Amended paragraph to delete the requirement of endowment capital for overseas wholesale banks. |
| LR-1A.1.7 | 07/2017 | Amended paragraph. |
| LR-2.2.2 | 07/2017 | Amended paragraph. |
| LR-3.4 | 07/2017 | Added new Section on Publication of the decision to grant, cancel or amend a license. |
| LR | 07/2017 | Changed the term "Overseas banks" to "branches of foreign banks". |
| LR-1A.1.18 | 04/2018 | Amended Paragraph. |
| LR-3.1.1 | 04/2018 | Amended Paragraph. |
| LR-1.2.20A | 10/2018 | Added new Paragraph on Providing Trust Services. |
| LR-1.2.23 | 10/2018 | Amended Paragraph. |
| LR-1.3.1 | 10/2018 | Amended Paragraph adding—Providing Trust Services. |
| LR-1.3.4 | 10/2018 | Amended Paragraph. |
| LR-1.3.54—LR-1.3.57 | 10/2018 | Added new Sub-section on Providing Trust Services. |
| LR-2.5.2A | 10/2018 | Amended paragraph on minimum total shareholders' equity maintained by retail bank licensees. |
| LR-2.5.2B | 10/2018 | Amended paragraph on minimum total shareholders' equity maintained by wholesale bank licensees. |
| LR-1.3.49A | 04/2019 | Added a new Paragraph on robo-advice. |
| LR-3.1.1 | 07/2019 | Amended Paragraph to remove references to hardcopy Form 1 submission to online submission. |
| LR-3.2.4 | 10/2019 | Changed from Rule to Guidance. |
| LR-3.4.1 | 10/2019 | Changed from Rule to Guidance. |
| LR-1A.1.17 & LR-1A.1.18A | 07/2020 | Amended Paragraphs on online submission of Form 3. |
| LR-1.3.1A | 10/2020 | Added a new Paragraph on compliance with AAOIFI Shari’a Standards. |
| LR-1.3.1 | 07/2021 | Amended Paragraph. |
| LR-1.3.1B | 07/2021 | Added a new Paragraph on obtaining approval for services not included in its application. |
| LR-1.3.58 – LR-1.3.61 | 07/2021 | Added new Paragraphs on Account Information Service and Payment Initiation Services. |
| LR-1.3.1C | 01/2022 | Added a new Paragraph on submission of information in relation to a bank wishing to undertake regulated banking services which were not included in its application for license. |
| LR-2.5.8 | 10/2022 | Amended Paragraph removing the requirement for agreeing a liquidity management policy with the CBB. |