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  • DRA-B.2 DRA-B.2 [This Section was deleted in April 2020]

    Deleted: April 2020
    Added: July 2010

    • DRA-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 2010

    • DRA-B.2.2

      "Capital Market Service Provider" (hereinafter referred to as CMSP) means any person licensed, or authorised or involved in providing any activity specified under Article 80 of the CBB Law and includes a member of an SRO.

      July 2010

    • DRA-B.2.3

      "CMSD" means the Capital Markets Supervision Directorate of the Central Bank of Bahrain.

      July 2010

    • DRA-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 a CMSP in which the client alleges that he has suffered, or is likely to suffer financial prejudice as a result of the member or CMSP:

      (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 2010

    • DRA-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 an SRO and to coordinate and assist in the administration of disciplinary proceedings in Chapter 4 of this Module.

      July 2010

    • DRA-B.2.6

      "Person" means unless the context requires otherwise, a natural or legal person.

      July 2010

    • DRA-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 other securities 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 such securities;
      (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) Islamic securities, being those financial instruments that are Shari'a compliant.
      July 2010

    • DRA-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