MAE-B.2 MAE-B.2 Definitions [Version up to 30 June 2016]
MAE-B.2.1 [Version up to 30 June 2016]
"Business Rules" in relation to a
licensed exchange , a futures exchange or alicensed market operator , means the rules, regulations, by-laws or such similar body of statements, by whatever name called, that govern the activities and conduct of:(a) Thelicensed exchange orlicensed market operator or;(b)Members of the respectivelicensed exchange orlicensed market operator ; and(c) Otherpersons in relation to it.MAE-B.2.2 [Version up to 30 June 2016]
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Added: April 2013MAE-B.2.3 [Version up to 30 June 2016]
"Licensed Exchange" means an exchange licensed in respect of the operation of its
market in and from the Kingdom of Bahrain.MAE-B.2.4 [Version up to 30 June 2016]
"Licensed Market Operator" means an
overseas exchange that is licensed by the CBB to operate amarket in the Kingdom of Bahrain.MAE-B.2.5 [Version up to 30 June 2016]
"Listing Rules" in relation to a
licensed exchange or alicensed market operator that establishes or operates or proposes to establish or operate a licensedmarket means rules governing or relating to:(a) The admission to the official list of thelicensed exchange orlicensed market operator of thesecurities of corporations, governments, bodies unincorporated or otherpersons for the purpose of the quotation on thesecurities market of thelicensed exchange ofsecurities issued, or made available by such corporations, governments, bodies unincorporated or otherpersons , or the removal from that official list and for other purposes; or(b) The activities or conduct of corporations governments, bodies unincorporated and otherpersons who are admitted to that list.MAE-B.2.6 [Version up to 30 June 2016]
"Market" means a place at which, or a facility (whether electronic or otherwise) by means of which, offers or invitations to sell, purchase or exchange
securities or futures contracts (including options and derivatives) regularly made on a centralised basis, being offers or invitations that are intended or may reasonably be expected to result, whether directly or indirectly, in the acceptance or making, respectively, of offers to sell, purchase or exchangesecurities orfutures contracts (whether through that place or facility or otherwise).Amended: April 2016MAE-B.2.7 [Version up to 30 June 2016]
An
"exempt exchange" or " exempt market operator" for the purpose of this module means an exchange or amarket operator who has been exempted from the requirement of licensing by the CBB.MAE-B.2.8 [Version up to 30 June 2016]
"Member" in relation to alicensed exchange or alicensed market operator , means aperson who holds membership of any class or description in thelicensed exchange orlicensed market operator , whether or not he holds any share in the share capital of thelicensed exchange ,licensed market operator or designatedclearing house , as the case may be and who has been approved by thelicensed exchange or thelicensed market operator to effect transactions on the floor of the Exchange or under any facility thereofMAE-B.2.9 [Version up to 30 June 2016]
"Overseas Exchange" means an exchange licensed or recognized by a financial services authority in a jurisdiction outside of the Kingdom of Bahrain to operate a licensed
market in that jurisdictionMAE-B.2.10 [Version up to 30 June 2016]
"Participant" means a
person who may participate in one or more of the services provided by alicensed exchange or alicensed market operator in its capacity as alicensed exchange orlicensed market operator respectively.MAE-B.2.11 [Version up to 30 June 2016]
"Person", for the purpose of this Module, shall mean a natural
person , corporation, limited liability company, joint stock company, partnership, association, trust, fund or any organized group ofpersons whether incorporated or not.MAE-B.2.12 [Version up to 30 June 2016]
"Position" in relation to a
securities or futures contract, means asecurities or futures contract which is outstanding and which has not been liquidated:(a) By an off-setting transaction;(b) By delivery of thesecurities or the commodity (or any other asset class) underlying the futures contract;(c) Through settlement of thesecurities or futures contract in accordance with thebusiness rules or practices of asecurities or futuresmarket , as the case may be; or(d) By substituting the futures contract for a cash commodity.MAE-B.2.13 [Version up to 30 June 2016]
"Quote" in relation to
securities and asecurities market of alicensed exchange or of alicensed market operator , means to display or provide, on thesecurities market of thelicensed exchange orlicensed market operator , information concerning the particular prices or particular consideration at which offers or invitations to sell, purchase or exchange issued or prescribedsecurities are made on thatsecurities market , being offers or invitations that are intended or may reasonably be expected to result, directly or indirectly, in the making or acceptance of offers to sell, purchase or exchange issued or prescribedsecurities. MAE-B.2.14 [Version up to 30 June 2016]
"Securities" means shares or bonds issued by shareholding companies, government debt instruments and the following financial instruments:
(a)Shares in companies and othersecurities equivalent to shares in companies or other entities, and depositary receipts in respect of shares;(b)Bonds or other forms of debt, including depositary receipts in respect of suchsecurities ;(c)Warrants ;(d)Units, rights or interests (however described) of theparticipants in a collective investment scheme;(e)Options, futures and any other derivative contracts relating to commodities that must be settled in cash or may be settlted in cash at the option of one of the parties (otherwise than by reason of a default or other termination event);(f)Options, futures and any other derivative contract relating to commodities that can be physically settled;(g) Units toReal Estate Investment Trusts (REITs) ;(h) Index tracking products including Islamic indices;(i) Any other financial instrument approved as afinancial instrument by the CBB for the purpose of trading such instrument on an exchange; and(j) Islamicsecurities , being thosefinancial instruments that are Shari'a compliant.Amended: April 2016MAE-B.2.15 [Version up to 30 June 2016]
"Transaction Information" means information relating to:
(a) Offers or invitations to purchase, sell, or exchangesecurities orfutures contracts ;(b) Executed transactions insecurities orfutures contracts ; and(c) Transactions cleared or settled by a designatedclearing house .Amended: April 2016MAE-B.2.16 [Version up to 30 June 2016]
"User" in relation to a
licensed exchange or a designatedclearing house , means aperson who is:(a) Amember of alicensed exchange or designatedclearing house ; or(b) A customer of amember of alicensed exchange or designatedclearing house .MAE-B.2.17 [Version up to 30 June 2016]
"User Information" means
transaction information that is referable to:(a) A nameduser of alicensed exchange or designatedclearing house ; or(b) A group ofusers , from which the name of auser can be directly inferred of alicensed exchange or designatedclearing house .
