[E] [E]
Employee share benefit plan or Employee stock option plan
Offering of
securities which is made by theissuer on the exercise ofoptions granted to or for the benefit of management and/or employees, after obtaining the approval ofsecurities holders and the CBB.Added: January 2014Employee share repurchase
Employee share repurchase means a share repurchase made by an offeror from one or more of its current or former employees, or the current or former employees of a subsidiary of the offeror, in accordance with an employee share option scheme which has been approved by shareholders of the offeror in a general meeting.
Added: July 2011Enforcement decision review committee (EDRC)
Means the committee constituted by the CBB for the purpose of taking enforcement decisions of material significance, on behalf of the CBB. The EDRC exercises enforcement powers on behalf of the CBB and acts independently from the CBB’s executive management structure.
Amended: July 2021
Added: July 2011Enforcement order
Means an order issued by the CBB for imposing penalty or other enforcement actions pursuant to a decision made by the EDRC after considering the alleged contraventions and the representations, if any, made by the recipient of a warning notice.
Amended: July 2021
Added: July 2011Equity Crowdfunding
Equity crowdfunding is raising of capital through a crowdfunding platform by issuance of ordinary shares by closed, private, family companies, start-up and small and medium size companies, entities engaged in real estate development projects and real estate income properties.
Added: October 2017Equity Crowdfunding Issuer
Means a person making an
equity crowdfunding offer .Added: October 2017Equity Crowdfunding Offer
An offering of ordinary shares by means of
equity crowdfunding by anequity crowdfunding issuer through acrowdfunding platform operated by acrowdfunding platform operator .Added: October 2017Equity Crowdfunding Offering Statement
For the purpose of Module MAE, equity crowdfunding offering statement includes a disclosure statement or such other information or documentation or part thereof issued by an
equity crowdfunding issuer to investors in connection with anequity crowdfunding offer .Added: October 2017Equity security(ies)
Securities representing the capital of a company and which provide the holders thereof the right of participation in that company most commonly in the attendance and vote at the general meeting and the receipt of dividends when issued.
Added: January 2014Exchange/Substitution of securities
Securities issued through an exchange or a substitution ofsecurities or a conversion ofsecurities into otherclasses ofsecurities .Added: January 2014Executive director
Means a director who is an officer or employee, or is otherwise involved in the day-to-day management of either:
(a) The company;(b) Another company which is a controlling shareholder of the company;(c) Another company of which the company is a controlling shareholder; or(d) Another company which is controlled by a controlling shareholder.In this definition, the word "company", which is a controller of the
CMSP , excludes sovereigns such as government-owned entities and government ministries.Added: July 2011Exempt CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Exempt exchange
An
exempt exchange means an exchange who has been exempted from the requirement of licensing by the CBB.Amended: July 2016
Added: July 2011Exempt fund manager
An exempt fund manager is a person who manages investment accounts on a discretionary basis and is recognised by the CBB as an exempt fund manager.
Added: July 2011Exempt market operator
An exempt market operator means a market operator who has been exempted from the requirement of licensing by the CBB.
Added: July 2016Exempt principal trader
An exempt principal trader is a person who trades as a principal in securities, particularly the relevant securities assented to by the CBB, and is recognised by the CBB as an exempt principal trader.
Added: July 2011Exempt share repurchase
Exempt share repurchase means a share repurchase that falls into one of the following categories:
(a) An approved employee share repurchase;(b) A share repurchase made in accordance with the terms and conditions attached to the shares being repurchased which either permit or require such share repurchase without the prior agreement of the owners of the shares;(c) A share repurchase made by a company at the request of the owners of the shares repurchased, in accordance with the terms and conditions attached to the shares, which provide the owners of the shares a right to require the company to effect such share repurchase; and(d) A share repurchase that is required by the law of the jurisdiction in which the offeror is incorporated or otherwise established.Added: July 2011Expert CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Expert investor(s)
[This definition has been moved to Volume 7 in April 2012].
Expert Investors
Are (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 100,000, excluding that person's principal place of residence; (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 100,000; or (c) Governments, supranational organisations, central banks or other national monetary authorities, local authorities and state organisations.
Added: October 2017External trading member
Means an eligible foreign institution (remote member) who is a member of a
licensed exchange and authorised by the CBB but who conducts their regulated activity (including trading on behalf of their clients) exclusively outside the jurisdiction of the Kingdom of Bahrain.Amended: July 2016
Added: April 2013