(a) In relation to a corporation operating a licensed clearing house or central depository, the annual audited financial statements, plus all accompanying notes, auditors' reports, commentaries and disclosures required by IFRS, including the required non-financial, employment and corporate governance disclosures of the licensed clearing house or central depository; or

(b) In relation to any other person operating a licensed clearing house or central depository, the profit and loss accounts and balance-sheet of the person in respect of the licensed clearing house or central depository.

(a) Over property held by or deposited with the licensed clearing house or licensed central depository; and

(b) To secure liabilities arising directly in connection with the licensed clearing house or licensed central depository, ensuring the performance of a market contract.

(a) A contract subject to the business rules of a licensed clearing house or licensed central depository that is entered into between the licensed clearing house and a member pursuant to a novation (however described), whether before or after default proceedings have commenced, which is in accordance with those business rules and for the purposes of the clearing or settlement of transactions using the clearing facility of the licensed clearing house; or

(b) A transaction which is being cleared or settled using the clearing facility of a licensed clearing house and in accordance with the business rules of the licensed clearing house, whether or not a novation referred to in paragraph (a) is to take place.

(a) By an off-setting transaction;

(b) By delivery of the commodity underlying the futures contract;

(c) Through settlement of the futures contract in accordance with the business rules or practices of a futures market, as the case may be; or

(d) By substituting the futures contract for a cash commodity.

(a) Money, letters of credit, banker's drafts, certified cheques, guarantees or other similar instruments;

(b) Securities listed and deposited with the central depository;

(c) Futures contracts and any similar financial contract; or

(d) Other assets of value acceptable to a licensed clearing house or licensed central depository.

(a) A person acting in relation to a company as its liquidator, its provisional liquidator, its receiver, its receiver and manager, its judicial manager, or an equivalent person; or

(b) A person acting in relation to an individual as his trustee in bankruptcy, the interim receiver of his property or an equivalent person.

(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.

(a) Where a charge is granted partly for the purpose specified in the definition of "market charge" and partly for any other purpose or purposes, the charge shall be treated as a market charge under this Module insofar as it has effect for that specified purpose;

(b) Where collateral is granted partly for the purpose specified in the definition of "market collateral" and partly for any other purpose or purposes, the collateral shall be treated as market collateral under this Module insofar as it has been provided for that specified purpose; and

(c) References in this Part to settlement, in relation to a market contract, are references to the discharge of the rights and liabilities of the parties to the market contract, whether by performance, compromise or otherwise.

(a) Whether the person is fit and proper to be so appointed;

(b) Whether the appointment of the person would be consistent with any applicable written law relating to the qualifications for the position or the requirements for the composition of the board of directors, or any committee of the licensed clearing house or central depository; and

(c) Whether it would be contrary to the interests of the public to approve the appointment of the person.

(a) The person is an undischarged bankrupt, whether in Bahrain or elsewhere; or

(b) The person has been convicted, whether in Bahrain or elsewhere, of an offence: