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  • Responsibility for Offering Document

    • OFS-5.1.23

      In accordance with Article 85 of the CBB Law, the person responsible for the preparation of the prospectus must ensure that it is free of incorrect or misleading information. Furthermore, Article 166 (b) makes it an offence to intentionally include false or misleading information and that the responsible persons may, subject to any greater penalty under the penal code, be punished by imprisonment or a fine not exceeding BD3,000.

      January 2014

    • OFS-5.1.24

      The following persons are responsible for the reliability and accuracy of the prospectus or offering documents:

      (a) The issuer of the securities covered by the prospectus;
      (b) The board of directors of the issuer of the securities;
      (c) The lead manager of the securities offered; and
      (d) Any other appointed advisor or person whose name appears in the prospectus or offering document each in their respective capacity according to the declaration made by him.
      January 2014