• Chapter 3 Chapter 3 Share Register

    • Article 6 Maintenance of the Share Register

      1. The Exchange may maintain a share register of joint stock companies and issuers of securities at their request.
      2. The depositing investor in whose securities account a security is entered, is deemed to be the legal owner of such security and the statements issued by the Central Depository are deemed to be legal documents to establish the ownership of the security.
      3. A letter shall be issued to establish ownership of deposited securities if the investor wishes to mortgage such securities for obtaining any credit facilities, or as security for any other purpose.
      4. Ownership of the deposited securities in clearing records shall be transferred electronically and listed companies or any other party may not make any changes pertaining to such securities in the share register maintained by the companies.

    • Article 7 Central Registry

      1. The Central Securities Registry constitutes a central database where all information pertaining to the deposited securities holders is recorded.
      2. The Central Securities Registry contains all particulars associated with the ownership of the deposited securities, in addition to the establishment of third parties rights, such as mortgages and attachments.
      3. The transfer of deposited securities and the establishment of third party rights in the Central Registry for securities are deemed to be legally binding to the relevant parties.

    • Article 8 Particulars of the Central Registry

      The particulars of the securities in the database shall include the following:

      1. Name of the Registration Office and issuer of the securities.
      2. Type and category of securities.
      3. Date of issue of the securities.
      4. Maturity date of securities (if any).
      5. Nominal value of securities.
      6. Total value of the issue.
      7. Interest rate (if any).
      8. Name of guardian (if any).
      9. Total number of securities issued.
      10. Names of investors, their addresses, identification numbers and contact numbers.
      11. Number of securities held by each investor.
      12. Any other details or particulars pertaining to the securities, as requested by the Exchange at its own discretion.

    • Article 9 Investors' Accounts

      1. Investors numbers shall be obtained upon the completion of the Investors Information Form No. (1), provided that each investor shall have no more than one investor's number. Not more than one investor's number shall be issued to any individual investor or entity.
      2. The Unit shall open special accounts for depositors of securities, whether they are individuals, companies or public or private institutions, Bahraini or non-Bahraini. Every account shall have a number, automatically determined by the Clearing, Settlement and Central Depository System. Account numbers shall be obtained upon completion of the Investor's Opening Account Form No. 2.
      3. All members and their clients are required to open securities accounts with the Clearing, Settlement and Central Depository System before they are permitted to conduct any sale or purchase transaction of securities.
      4. The Unit shall open securities accounts for members (internal account) with the Central Securities Registry and shall enable the members to open such accounts on behalf of their clients with the Central Securities Registry (Client Accounts) through which they shall perform procedures and transactions, which are executed in the Central Securities Registry on behalf of the securities holders on these accounts.
      5. The member and his clients must enter in the securities accounts all procedures and transactions which are carried out on securities held by them, in a manner that such accounts shall reflect the transactions and balances of the securities and mortgages performed on the securities, and any third party rights in the relevant securities.