CBB Volume 5: Contents

Central Bank of Bahrain Volume 5—Specialised Licensees
Specific Modules (By Type of Licensee)
Type 7: Ancillary Service Providers
Part A
High Level Standards
AU Ancillary Service Providers Authorisation Module
AU-4 Information Requirements and Processes
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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Specific Modules (By Type of Licensee) > Type 7: Ancillary Service Providers > Part A > High Level Standards > AU Ancillary Service Providers Authorisation Module > AU-4 Information Requirements and Processes > AU-4.7 Additional Requirements for Payment Service Providers, PISPs and AISPs > Business plan > AU-4.7.1
  • Business plan

    • AU-4.7.1

      The business plan must include an indication of and a description of the type and expected volume of the activities for the next three years. The business plan to be provided by the applicant must contain:

      (a) a marketing plan consisting of:
      (i) an analysis of the company's competitive position;
      (ii) a description of account information service users in the account information market segment concerned, marketing materials and distribution channels;
      (b) certified annual accounts for the previous three years, if available, or a summary of the financial situation for those applicants that have not yet produced annual accounts;
      (c) a forecast budget for the first three financial years that demonstrates that the applicant is able to employ appropriate and proportionate systems, resources and procedures that allow the applicant to operate soundly; it must include:
      (i) an income statement and balance-sheet forecast, including target scenarios and stress scenarios as well as their base assumptions such as number of clients, pricing and expected increase in profitability threshold;
      (ii) explanations of the main lines of income and expenses, the financial debts and the capital assets;
      (iii) a diagram and detailed breakdown of the estimated cash flows for the next three years.
      Added: December 2018

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