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  • OFS-1.2 OFS-1.2 Types of Securities

    • OFS-1.2.1

      In accordance with Article 86 of the CBB Law of 2006, the following types of securities may be offered to the public:

      (a) Equity securities of joint stock companies incorporated in the Kingdom of Bahrain;
      (b) Equity securities of non-Bahraini companies that are approved by the CBB;
      (c) Bonds and debt securities approved for offering and listing by the CBB;
      (d) Shari'a compliant securities approved for offering and listing by the CBB;
      (e) Securities issued by corporations situated within the jurisdiction of any of the states who is a member of the Gulf Cooperation Council; and
      (f) Any other securities approved by the CBB including but not limited to futures and other derivatives on currencies and commodities.
      January 2014

    • OFS-1.2.2

      For the purpose of Rule OFS-1.2.1 (f) "any other securities" includes those defined as securities not already included in Rule OFS-1.2.1 (a), (b), (c), (d) and (e) as well as any other financial investment approved by the CBB as a security from time-to-time.

      January 2014

    • OFS-1.2.3

      For the purpose of this Module, equity securities include:

      (a) Voting and non-voting shares;
      (b) Participating and non-participating shares;
      (c) Preference shares, whether convertible or non-convertible, accumulated or non-accumulated and redeemable, or irredeemable; and
      (d) Any class of securities being part of the shareholders' equity fund being represented in the form of shares.
      January 2014