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Operator(s)
In the context of a
collective investment undertaking ('CIU'),operator means a person undertaking the functions of establishing, operating or winding-up aCIU .Adopted: July 2007Options
An option is a contract giving the buyer the right, but not the obligation, to buy or sell any of the following at a specific price on or before a certain date:
(a) Currency of the Kingdom of Bahrain or any other country or territory;(b) Palladium, platinum, gold or silver; or other commodity;(c) Option to acquire or dispose of a financial instrument of the kind specified by this definition by virtue of the above.Amended: January 2011
Ordering Financial Institution
Refers to the financial institution which initiates the wire/crypto-asset transfer and transfers the funds/crypto-assets upon receiving the request for a wire/crypto-asset transfer on behalf of the originator.
Original term
(in respect of redeemable instruments including dated subordinated debt and redeemable preference shares) - the period of time between the date of issue and the earliest date that those instruments will mature or can be redeemed.
Added: January 2011Originator
Refers to the account holder who allows the wire/crypto-asset 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/crypto-asset transfer.
Overseas Category 1 investment firm
A
Category 1 investment firm , which is incorporated in an overseas jurisdiction and operates in the Kingdom of Bahrain through a branch licensed by the CBB.Overseas investment firm licensee
An
investment firm licensee incorporated in an overseas jurisdiction (and therefore is not aBahraini investment firm licensee ). The same naming convention applies to the various sub-categories of investment firm: e.g. a BahrainiCategory 1 investment firm is aCategory 1 investment firm that is incorporated in the Kingdom of Bahrain. See Paragraph AU-A.1.5; andBahraini investment firm licensee , above.
