DRA-B.2 DRA-B.2 [This Section was deleted in April 2020]
Deleted: April 2020
Added: July 2010DRA-B.2.1
"Arbitration Cell" means a division or employee(s) of an
SRO designated and authorized to receive petitions, coordinate and assist in the administration of arbitrations in terms of Chapter 3 of this Module.July 2010DRA-B.2.2
"Capital Market Service Provider" (hereinafter referred to as
CMSP ) means anyperson licensed, or authorised or involved in providing any activity specified under Article 80 of the CBB Law and includes a member of anSRO .July 2010DRA-B.2.3
"CMSD" means the Capital Markets Supervision Directorate of the Central Bank of Bahrain.
July 2010DRA-B.2.4
"Client Complaints" for the purposes of this Module, a
client complaint includes: "any complaint in relation to the provision of services by aCMSP in which the client alleges that he has suffered, or is likely to suffer financial prejudice as a result of the member orCMSP :(a) Contravening or failing to comply with any instruction given by the client, or any agreement or mandate entered into with the client;(b) Contravening or failing to comply with the rules and the directives;(c) Acting dishonestly, negligently or recklessly; or(d) Treating the client unreasonably, or unfairly".July 2010DRA-B.2.5
"Disciplinary Action Cell" means a division or employee of an
SRO designated and authorized to receive notification of a breach of rules of anSRO and to coordinate and assist in the administration of disciplinary proceedings in Chapter 4 of this Module.July 2010DRA-B.2.6
"Person" means unless the context requires otherwise, a natural or legal
person .July 2010DRA-B.2.7
"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 the participants 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 settled 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 to Real Estate Investment Trusts (REITs);(h) Index tracking products including Islamic indices;(i) Any other financial instrument approved as a financial instrument by the CBB for the purpose of trading such instrument on an exchange; and(j) Islamicsecurities , being those financial instruments that are Shari'a compliant.July 2010DRA-B.2.8
"Self-Regulatory Organizations (SROs)" means any organization licensed by the CBB under the Markets and Exchanges (MAE) Module, or the Clearing, Settlement and Central Depository (CSD) Module, or any other organization recognized as an
SRO by the CBB.July 2010