Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks

High Level Standards

LR Licensing Requirements

LR-A Introduction

LR-B Scope of Application

LR-1 Requirement to Hold a License

LR-1.1 Conventional Bank Licensees

LR-1.2 License Sub-Categories

LR-1.3 Definition of Regulated Banking Services

General Exclusions

LR-1.3.9

Providing Credit

Accepting Shari'a Money Placements/Deposits

Offering Shari'a Financing Contracts

Managing Shari'a Profit Sharing Investment Accounts

Dealing in Financial Instruments as Principal

Dealing in Financial Instruments as Agent

Managing Financial Instruments

Safeguarding Financial Instruments (i.e. Custodian)

Operating a Collective Investment Undertaking

Arranging Deals in Financial Instruments

Advising on Deals in Financial Instruments

Providing Money Exchange / Remittance Services

Issuing / Administering Means of Payment

Providing Trust Services

LR-1.4 Shari'a Compliant Transactions

LR-1A Approved Persons

LR-2 Licensing Conditions

LR-3 Information Requirements and Processes

LR-4 License Fees

PB Principles of Business

HC High-Level Controls

AU Auditors and Accounting Standards

GR General Requirements

Business Standards

Reporting Requirements

Enforcement & Redress

Quarterly Updates

Ad-hoc Communications

Archived Part A

Archived Part B

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Location: Central Bank of Bahrain Volume 1—Conventional Banks > Part A > High Level Standards > LR Licensing Requirements > LR-1 Requirement to Hold a License > LR-1.3 Definition of Regulated Banking Services > General Exclusions > LR-1.3.9

LR-1.3.9

A person does not carry on an activity constituting a regulated banking service^G if the person is a body corporate and carries on that activity solely with or for other bodies corporate that are members of the same group.

October 2007

Versions
(1 Version)

Apr 1 2008 onwards

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