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Location: Central Bank of Bahrain Volume 1—Conventional Banks > Part A > Introduction > UG Users' Guide > UG-A Introduction
  • UG-A Introduction

    • UG-A.1 Purpose

      • Executive Summary

        • UG-A.1.1

          The Central Bank of Bahrain ("the CBB"), in its capacity as the regulatory and supervisory authority for all financial institutions in Bahrain, issues regulatory instruments that licensees and other specified persons are legally obliged to comply with. These regulatory instruments are contained in the CBB Rulebook. Much of the Rulebook's substantive content was previously issued by the Bahrain Monetary Agency ('the BMA'), and was carried forward when the CBB replaced the BMA in September 2006.

          October 07

        • UG-A.1.2

          The Rulebook is divided into 7 Volumes, covering different areas of financial services activity. These Volumes are being progressively issued. Volumes 1 and 2, covering conventional bank licenseesG and Islamic bank licenseesG respectively, were issued in July 2004 and January 2005; Volume 3, covering insurance licenseesG , was issued in April 2005. Volume 4 was issued in April 2006. Volume 5 (covering specialised licenseesG ), and Volume 6 (capital markets), are being issued progressively. Volume 7 on collective investment undertakings (CIUs) was issued in May 2012.

          Amended: April 2013
          Amended: July 2012
          Amended: October 2011
          Amended: April 2011
          October 2007

        • UG-A.1.3

          This Users' Guide provides guidance on (i) the status and application of the Rulebook, with specific reference to Volume 1 (Conventional Banks); (ii) the structure and design of the Rulebook; and (iii) its maintenance and version control.

          October 07

        • UG-A.1.4

          Volume 1 (Conventional Banks) covers Conventional Bank Licensees.G It contains prudential requirements (such as rules on minimum capital and risk management). Collectively, these requirements are aimed at ensuring the safety and soundness of CBB-licensed conventional banks and providing an appropriate level of protection to the clients of such banks.

          October 07

      • Legal Basis

        • UG-A.1.5

          This Module contains the CBB's Directive (as amended from time to time) regarding the User's Guide for Volume 1, of the CBB Rulebook, and is issued under the powers available to the CBB under Article 38 of the CBB Law. The Directive in this Module is applicable to all conventional bank licensees (including their approved persons).

          Amended: January 2011
          October 07

        • UG-A.1.6

          For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.G

          October 07

    • UG-A.2 Module History

      • UG-A.2.1

        This Module was first issued in July 2004 by the BMA together with the rest of Volume 1 (Conventional Banks). Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

        October 07

      • UG-A.2.2

        When the CBB replaced the BMA in September 2006, the provisions of this Module remained in force. Volume 1 was updated in October 2007 to reflect the switch to the CBB; however, new calendar quarter dates were only issued where the update necessitated changes to actual requirements.

        October 07

      • UG-A.2.3

        A list of recent changes made to this Module are detailed in the table below:

        Module Ref. Change Date Description of Changes
        UG-2.3 &UG-3.1 4/2006 Revised dating and update system.
        UG-A.1 10/2007 Updated to reflect new CBB Law; various references changed and new Rule A-1.6 introduced categorising this Module as a Directive.
        UG-A.2 10/2007 Module History table updated to reflect other 01/2007 changes.
        UG-1.1.2 10/2007 Explanation of powers under CBB Law in UG-1.1 and new Rules UG-1.2.6 and UG-1.2.7 to reflect the CBB Law; other material reordered as a consequence.
        UG-A.1.5 01/2011 Clarified legal basis and converted as a rule to be consistent with other parts of the CBB Rulebook.
        UG-1.3.2, UG-1.4.1 01/2011 Underlined defined term.
        UG-2.1.2 01/2011 Updated to reflect structure of Volume 5.
        UG-A.1.2 04/2011 Updated to reflect issue date of Volumes 5 and 6.
        UG-A.1.2 10/2011 Minor correction to reflect proper Glossary term.
        UG-A.1.2, UG-1.2.2, UG-1.2.8, UG-2.1.1, UG-2.1.3 and UG-2.2.2 07/2012 Various minor corrections to reflect structure of Rulebook, including issuance of Volume 7.
        UG-3.2 and Annex 01/2013 Amended as CBB Rulebook only now available on CBB Website.
        UG-A.1.2, UG-2.1.2 and UG-2.1.3 04/2013 Minor corrections.
        UG-1.3.4 10/2016 Added section to clarify reference to 'he' 'his' 'she' and 'her'.

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