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  • [ L ]

    • Licensed exchange(s)

      "Licensed exchange" means an exchange licensed in respect of the operation of its market in and from the Kingdom of Bahrain.

      Added: January 2011

    • Licensees

      Any person licensed by the CBB under any of the Volumes of the CBB Rulebook.

    • Liquidation

      The process of terminating a bank's activities whereby all creditors are discharged either in full (a solvent liquidation), or in part (an insolvent liquidation) and any remaining funds are returned to the shareholders. This process normally takes place in accordance with the requirements of specific legislation in the country of incorporation. In Bahrain this includes the Bankruptcy and Preventative Settlements Act.