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  • BC-2.2 BC-2.2 Market terminology and definitions

    • BC-2.2.1

      The use of generally accepted precise terminology should reduce misunderstandings and frustration, and to this end Appendix BC 5 sets out, without claiming to be exhaustive, accepted market terminology and definitions.

    • BC-2.2.2

      For the purpose of this chapter, the following definitions apply:

      (a) 'Broker' means a money and foreign exchange broker who is authorised by the BMA to operate in Bahrain.
      (b) 'Principal' means a party undertaking a transaction through a broker.
      (c) 'Bank' means any institution holding a banking license.