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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Common Modules (Applicable to all Specialised Licensees) > Part A > High Level Standards > PB Principles of Business > PB-A Introduction > PB-A.1 Purpose
  • PB-A.1 Purpose

    • Executive Summary

      • PB-A.1.1

        The Principles of Business are a general statement of the fundamental obligations of all Central Bank of Bahrain ('CBB') specialised licenseesG and approved personsG . They serve as a basis for other material in Volume 5 (Specialised Licensees), and help address specific circumstances not covered elsewhere in the Rulebook.

        October 2010

      • PB-A.1.2

        The Principles of Business have the status of Rules and apply alongside other Rules contained in Volume 5 (Specialised Licensees). However, these other Rules do not exhaust the fundamental obligations contained in the Principles. Compliance with all other Rules, therefore, does not necessarily guarantee compliance with the Principles of Business.

        October 2010

    • Legal Basis

      • PB-A.1.3

        This Module contains the CBB's Directive (as amended from time to time) relating to Principles of Business and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). The Directive in this Module is applicable to all specialised licenseesG (including their approved personsG ) where applicable.

        Amended: January 2011
        October 2010

      • PB-A.1.4

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

        October 2010

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