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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > GR General Requirements > GR-1 Books and Records > GR-1.2 Customer and Transaction Records > Transaction Records > GR-1.2.7
  • Transaction Records

    • GR-1.2.5

      Insurance licenseesG must keep completed transaction records for as long as they are relevant for the purposes for which they were made (with a minimum period in all cases of five years from the date when the transaction was completed) – see Module Section FC-7.1). Records of completed transactions must be kept whether in hard copy or electronic format as per the Legislative Decree No. (28) of 2002 with respect to Electronic Transactions "The Electronic Transaction Law" and its amendments.

      Amended: July 2017
      Amended: October 2007
      Amended: January 2007

    • GR-1.2.6

      [This Paragraph has been deleted in July 2017].

      Deleted: July 2017

    • GR-1.2.7

      In the case of Bahraini insurance licenseesG , the requirement in Paragraph GR-1.2.5 applies only to transactions relating to business booked in Bahrain by the licensee. It does not relate to transactions relating to business booked in overseas branchesG or subsidiariesG of the licensee.

      Amended: January 2007

    • GR-1.2.8

      In the case of overseas insurance licenseesG , all the requirements of Chapter GR-1 are limited to the business booked in their branch in Bahrain and the records of that branch (see GR-1.1.1).

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