Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 2: Contents

Central Bank of Bahrain Volume 2—Islamic Banks

High Level Standards

LR Licensing Requirements

PB Principles of Business

PB-A Introduction

PB-B Scope of Application

PB-1 Principles

PB-1.1 Principles

Principle 1 – Integrity

Principle 2 – Conflicts of Interest

Principle 3 – Due Skill, Care and Diligence

Principle 4 – Confidentiality

Principle 5 – Market Conduct

Principle 6 – Customer Assets

Principle 7 – Customer Interests

Principle 8 – Relations with Regulators/Supervisors

PB-1.1.8

Principle 9 – Adequate Resources

Principle 10 – Management, Systems & Controls

HC High-Level Controls

AU Auditors and Accounting Standards

GR General Requirements

SG Shari'a Governance

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 2—Islamic Banks > Part A > High Level Standards > PB Principles of Business > PB-1 Principles > Principle 8 – Relations with Regulators/Supervisors > PB-1.1.8

Principle 8 – Relations with Regulators/Supervisors

Principle 9 – Adequate Resources

PB-1.1.8

Islamic bank licensees^G and approved persons^G must act in an open and co-operative manner with the CBB and other regulatory/supervisory bodies under whose authority they come under. They must take reasonable care to ensure that their activities comply with all applicable laws and regulations.

October 07

Versions
(1 Version)

Oct 1 2007 onwards

Principle 8 – Relations with Regulators/Supervisors

Principle 9 – Adequate Resources

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