• [E] [E]

    • Employee share benefit plan or Employee stock option plan

      Offering of securities which is made by the issuer on the exercise of options granted to or for the benefit of management and/or employees, after obtaining the approval of securities holders and the CBB.

      Added: January 2014

    • Employee share repurchase

      Employee share repurchase means a share repurchase made by an offeror from one or more of its current or former employees, or the current or former employees of a subsidiary of the offeror, in accordance with an employee share option scheme which has been approved by shareholders of the offeror in a general meeting.

      Added: July 2011

    • Enforcement decision committee (EDC)

      Means the committee constituted by the CBB for the purpose of taking enforcement decisions of material significance, on behalf of the CBB. The EDC exercises enforcement powers on behalf of the CBB and acts independently from the CBB's executive management structure.

      Added: July 2011

    • Enforcement order

      Means an order issued by the CBB for imposing penalty or other enforcement actions pursuant to a decision made by the EDC after considering the alleged contraventions and the representations, if any, made by the recipient of a warning notice.

      Added: July 2011

    • Equity Crowdfunding

      Equity crowdfunding is raising of capital through a crowdfunding platform by issuance of ordinary shares by closed, private, family companies, start-up and small and medium size companies, entities engaged in real estate development projects and real estate income properties.

      Added: October 2017

    • Equity Crowdfunding Issuer

      Means a person making an equity crowdfunding offer.

      Added: October 2017

    • Equity Crowdfunding Offer

      An offering of ordinary shares by means of equity crowdfunding by an equity crowdfunding issuer through a crowdfunding platform operated by a crowdfunding platform operator.

      Added: October 2017

    • Equity Crowdfunding Offering Statement

      For the purpose of Module MAE, equity crowdfunding offering statement includes a disclosure statement or such other information or documentation or part thereof issued by an equity crowdfunding issuer to investors in connection with an equity crowdfunding offer.

      Added: October 2017

    • Equity security(ies)

      Securities representing the capital of a company and which provide the holders thereof the right of participation in that company most commonly in the attendance and vote at the general meeting and the receipt of dividends when issued.

      Added: January 2014

    • Exchange/Substitution of securities

      Securities issued through an exchange or a substitution of securities or a conversion of securities into other classes of securities.

      Added: January 2014

    • Executive director

      Means a director who is an officer or employee, or is otherwise involved in the day-to-day management of either:

      (a) The company;
      (b) Another company which is a controlling shareholder of the company;
      (c) Another company of which the company is a controlling shareholder; or
      (d) Another company which is controlled by a controlling shareholder.

      In this definition, the word "company", which is a controller of the CMSP, excludes sovereigns such as government-owned entities and government ministries.

      Added: July 2011

    • Exempt CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Exempt exchange

      An exempt exchange means an exchange who has been exempted from the requirement of licensing by the CBB.

      Amended: July 2016
      Added: July 2011

    • Exempt fund manager

      An exempt fund manager is a person who manages investment accounts on a discretionary basis and is recognised by the CBB as an exempt fund manager.

      Added: July 2011

    • Exempt market operator

      An exempt market operator means a market operator who has been exempted from the requirement of licensing by the CBB.

      Added: July 2016

    • Exempt principal trader

      An exempt principal trader is a person who trades as a principal in securities, particularly the relevant securities assented to by the CBB, and is recognised by the CBB as an exempt principal trader.

      Added: July 2011

    • Exempt share repurchase

      Exempt share repurchase means a share repurchase that falls into one of the following categories:

      (a) An approved employee share repurchase;
      (b) A share repurchase made in accordance with the terms and conditions attached to the shares being repurchased which either permit or require such share repurchase without the prior agreement of the owners of the shares;
      (c) A share repurchase made by a company at the request of the owners of the shares repurchased, in accordance with the terms and conditions attached to the shares, which provide the owners of the shares a right to require the company to effect such share repurchase; and
      (d) A share repurchase that is required by the law of the jurisdiction in which the offeror is incorporated or otherwise established.
      Added: July 2011

    • Expert CIU(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Expert investor(s)

      [This definition has been moved to Volume 7 in April 2012].

    • Expert Investors

      Are (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 100,000, excluding that person's principal place of residence; (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 100,000; or (c) Governments, supranational organisations, central banks or other national monetary authorities, local authorities and state organisations.

      Added: October 2017

    • External trading member

      Means an eligible foreign institution (remote member) who is a member of a licensed exchange and authorised by the CBB but who conducts their regulated activity (including trading on behalf of their clients) exclusively outside the jurisdiction of the Kingdom of Bahrain.

      Amended: July 2016
      Added: April 2013