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  • Resolution No. (6) of 2001 in Respect of Provision of Remote Trading at Bahrain Stock Exchange

    The Chairman of the Exchange's Board of Directors:

    After perusal of Decree Law No. (28) of 1975 in respect of issuing the Commercial Companies Law and its amendments,
    And the Decree Law No. (4) of 1987, pertaining to the establishment and organization of the Bahrain Stock Exchange,
    And the Minister of Commerce and Agriculture Resolution No. (13) of 1988 concering the issuance of the Exchange's Internal Regulation,
    And upon the proposal of the Board of Directors of the Bahrain Stock Exchange,
    And upon the submission of the Director of the Exchange.

    RESOLVED AS FOLLOWS:

    • Article One

      Brokerage Companies licensed by the Minister of Commerce and Agriculture, Chairman of the Exchange Board of Directors Resolution No. (2) of 1995, are permitted to undertake Remote Trading in listed securities and instruments at the Exchange in accordance with the rules and conditions stipulated by the Exchange from time to time.

    • Article Two

      The Remote Trading service shall be provided in accordance with the programmes, equipment's, instruments and technical specifications specified by the Exchange. Brokerage Companies shall abide by the Decree Law No. (4) of 1987 in respect of the establishment and organization of The Bahrain Stock Exchange, the Internal Regulation and the related resolutions, specifically, the Exchange rules and procedures of trading, settlement, clearing and central depository.

    • Article Three

      The Exchange shall charge the brokerage companies Licensed to provide Remote Trading services a monthly Licensing fee of BD150.000 (One hundred and fifty Bahraini Dinar). The Exchange may review this monthly fee at its discretion.

    • Article Four

      This resolution shall be implemented temporarily, and shall be made find upon the success of the experience. The Director of the Exchange shall set the necessary rules and procedures for its implementation.

    • Article Five

      This Resolution shall be circulated to the heads of sections and units of the Exchange, and each in his respective capacity, shall implement its provisions. This Resolution shall come into force from the date of its issuance.

      Ali Saleh Al Saleh
      The Minister of Commerce and Industry and
      Chairman of the Exchange's Board of Directors

      Issued on 4th Ramadhan 1422h
      Corresponding to 19 December 2001