|Version Date||Description of Changes|
|July 2004||Initial Launch Version.|
|July 2006||Updated version, including new defined terms of retail bank and wholesale bank license sub-categories, and definitions of regulated banking services.|
|April 2010||Updated Definition of Deposit in accordance with Resolution No. (23) of 2009 in respect of Definition of Deposit.|
|October 2010||Amended definition for Chief Executive Officer; added definition of Executive director, Independent director; Non-executive director; Remuneration, and; senior manager/management.|
Minor corrections and amendments for consistency purposes; Amended definition for approved person(s), collective investment undertaking, exposure(s), security(ies);
Added definition for accredited investor(s), acquisition(s), bond(s); capital instrument(s), close links, connected person(s), future(s), investment(s), investment analyst, investment research, licensed exchange(s); market, option(s), participant(s), personal account transaction, public offering(s), qualifying holding(s), real time promotion, retail customer(s), self-regulatory organisation(s) or SROs, soft dollar agreement, swap(s), warrants;
Deleted definition of independent non-executive director.
|April 2011||Amended definition of executive director.|
Clarified definition of independent director;
Added definition for appointed expert(s), qualified by exception.
Amended definition of trilateral meeting.
Amended definition of independent director.
Added definition for underwriting.
Corrected cross reference for the definition of director;
Corrected typo in the definition of conflict of interest;
Updated definition of qualifying holdings to be in line with Module CM.
Added definition for Bahrain domiciled CIU(s);
Amended definition of controller to be in line with Module GR.
Added definition for conspicuous notice, eligible account(s), eligible depositor(s), framework, principal, transferee and transferor.
Amended definition of Basel Committee and deposit(s) or deposit account(s).
Added definition for financial services.
Amended definition of deposit-taking, providing credit, public offering(s).
|October 2013||Updated definition of controllers to be in line with Module GR.|
Added definition for clawback, malus, material risk-takers.
Amended definition of remuneration.
|July 2014||Amended definition for clawback.|
Amended definition of Authorised money or value transfer service provider(s).
Amended definition for financial instruments trader.
Corrected cross reference for relevant authorities.
Added definition of affiliate, banking group, credit risk, financial entity, market risk, minority interest, operational risk, securities financing transactions, subsidiary and trigger event.
Amended definition for control and price risk.
Corrected cross reference for acquisition(s).
Amended definition of overseas conventional retail bank licensee(s) and subsidiary(ies).
Deleted the definition of head of function and qualifying holding(s).
|January 2016||Amended the definition of approved person(s).|
Added definition for disabled customer(s).
Amended the definition of controlled function(s).
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