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    • Family

      The term family refers to: father, mother, brother, sister, spouse, sons or daughters.

      Amended: October 2011
      Amended: July 2007

    • Family (for the purpose of Family Office Services Module)

      Family for the purposes of Family Offices Services Module means one or more individuals that are:

      (a) Lineal descendants of a common ancestor;
      (b) Spouse of the common ancestor;
      (c) Spouses of the lineal descendants of a common ancestor;
      (d) Stepchildren and adopted children of the common ancestor; and
      (e) Stepchildren and adopted children of the lineal descendants of a common ancestor.
      Added: October 2023

    • Family Office Licensees

      Family office licensees are wealth management and advisory firms that offer customised services to wealthy families.

      Added: October 2023

    • Family Clients(for the purpose of Family Office Services Module)

      Family clients include:

      (a) A family member of a single family;
      (b) Trusts for which the family members are beneficiaries;
      (c) Any company, wholly owned (directly or indirectly) by, and operated for the sole benefit of, one or more family members;

      Family members are those defined under the family definition. All family clients must also fall within the definition of accredited investors.

      Added: October 2023

    • Financial instruments

      Any of the following instruments, as further defined in Volume 4, Section AU-1.5, of the CBB Rulebook:

      (a) Transferable securities;
      (b) Islamic financial instruments;
      (c) Money market instruments;
      (d) Holdings in collective investment undertakings;
      (e) Derivative contracts other than commodity derivatives;
      (f) Derivative contracts relating to commodities settled in cash;
      (g) Derivative contracts relating to commodities;
      (h) Credit derivatives;
      (i) Financial contracts for differences;
      (j) Other derivative contracts;
      (k) Interests in real estate property;
      (l) Certificates representing certain securities; and
      (m) Rights or Interests in Financial Instruments.
      Amended: January 2011
      Amended: July 2007

    • Financial Instruments Trader

      A person who is engaged in buying or selling financial instruments. This is a controlled function (cf. AU-1.2.2).

    • Financial Services (as used in Module AU)

      For the purpose of Module AU, financial services means:

      (a) Any dealings in any instrument defined as a financial instrument in any Volume of the CBB Rulebook;
      (b) Any arrangement where money, goods or services are made available to a person in exchange for his promise to pay at a later date and that arrangement is of a type habitually provided by another person for commercial gain;
      (c) Any arrangement in which money is solicited from the public in return for a promise of financial gain on, or safekeeping of, that money; or
      (d) Any product or other financial services in the area of regulated services (regulated by the CBB) marketed in the Kingdom of Bahrain.
      Added: January 2013

    • Futures

      Rights under a contract for the sale of a commodity or property of any other description under which delivery is to be made at a future date and at a price agreed on when the contract is made.