• [O] [O]

    • OECD

      Organisation for Economic Cooperation and Development (www.oecd.org).

      Amended: July 2011

    • Offer

      For the purpose of Module TMA, offer includes takeover and merger transactions, however effected, including partial offers, and offers by a parent company for shares in its subsidiary and (where appropriate) share repurchases by general offer.

      Amended: October 2019
      Added: July 2011

    • Offeree

      Means a listed company to whom an offer has been submitted under Module TMA.

      Added: July 2011

    • Offering document(s)

      For the purpose of Module OFS, offering document includes a prospectus or such other information or documentation or part thereof required by the CBB or another authority for the offer and/or issue of securities.

      Added: January 2014

    • Offering period

      For the purpose of Module OFS, the time in which securities are offered for subscription which shall be for a period not less than 10 calendar days and not more than 6 months.

      Added: January 2014

    • Offering price

      The price per security at which a new or secondary distribution of securities is being offered for sale.

      Added: January 2014

    • Offeror

      For the purpose of Module TMA, offeror includes companies wherever incorporated and individuals wherever resident, governments, not-for-profit organisations, individuals or any other juridical person. In relation to share repurchases, offeror means a company engaged in, or considering engaging in, a share repurchase in respect of its own shares.

      Added: July 2011

    • Offer document

      For the purposes of takeovers, mergers, acquisitions and share repurchases, includes both Appendix C and Appendix D and any other information required to be included in the terms of Module TMA.

      Added: July 2011

    • Offer period

      Offer period for the purpose of Module TMA shall mean the period starting from the date when an announcement is made of a proposed or possible offer, with or without terms, until whichever is the latest of:

      (a) The date when the offer closes for acceptance;
      (b) The date when the offer lapses;
      (c) The time when an offeror announces that the possible offer will not proceed;
      (d) The date when an announcement is made of the withdrawal of a proposed offer;
      (e) Where the offer contains a possibility to elect for alternative forms of consideration, the latest date for making such election; or
      (f) Where there are two or more offers or possible offers outstanding, the closure of an offer period in respect of one offer or possible offer does not affect the termination of any other offer or possible offer.
      Added: July 2011

    • Open-ended fund(s)

      An open-ended fund is a CIU which can issue and redeem holdings at any time. An investor can purchase holdings in such funds directly from the operator, or through a broker. An open-ended fund is equitably divided into holdings (shares or units) which vary in price in direct proportion to the variation in value of the CIU's net asset value. Each time money is invested new holdings are created to match the addition to net assets; similarly, each time holdings are redeemed by participants they are cancelled to reflect the reduction in net assets. In this way, the price of holdings remains a reflection of the underlying assets of the CIU.

      Amended: July 2011

    • Operator(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Options

      Unless the context otherwise requires, options means options to subscribe or purchase new shares or existing shares in a company.

      Added: July 2011

    • Ordering Financial Institution

      Refers to the financial institution which initiates the wire transfer and transfers the funds upon receiving the request for a wire transfer on behalf of the originator.

      Added: January 2020

    • Originator

      Refers to the account holder who allows the wire transfer from that account, or where there is no account, the natural or legal person that places the order with the ordering financial institution to perform the wire transfer.

      Added: January 2020

    • Overseas capital market service providers

      Means a CMSP that is incorporated and operates in an overseas jurisdiction and operates via branch presence, or such other equivalent license, in the Kingdom of Bahrain.

      Added: July 2011

    • Overseas crypto-asset service licensee

      A crypto-asset licensee incorporated in an overseas jurisdiction but licensed to operate within the Kingdom of Bahrain.

      Added: April 2019

    • Overseas domiciled CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Overseas domiciled exempt CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Overseas domiciled expert CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Overseas domiciled retail CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Overseas exchange

      Means an exchange licensed or recognised by a financial services authority in a jurisdiction outside the Kingdom of Bahrain to operate a licensed market in that jurisdiction.

      Added: July 2011

    • Overseas issuer(s)

      An issuer not incorporated in the Kingdom of Bahrain.

      Added: January 2014