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Dated subordinated debt
A subordinated debt instrument whose maturity date is fixed at the time the instrument is issued.
Dependant
A company that is a subsidiary of another company under the Commercial Companies' Law 2001 of the Kingdom of Bahrain.
Derivative contract
A contract for differences (rights under any contract, the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in: i) the value or price of property of any description; or ii) an index or other factor designated for that purpose in the contract (futures, options, swaps and forwards).
Designated Individuals
Designated individuals are individuals within the appointed representatives that are legal persons, who are designated to offer/sell insurance products on behalf of the insurance firm.
Added: July 2023Direct insurance
Those dealings between insurance licensees and customers, excluding the business of reinsurance.
Director
A person who is acting in the capacity of director of a firm (whether appointed or not or whether titled director or not). In the case of a sole trader, unincorporated body or partnership, a person directing its affairs or partner (of a partnership). This is a controlled function.
Domestic business
For the purposes of the Business Conduct Module (BC), "Domestic business" means risks arising in or from within the Kingdom of Bahrain.
