Glossary History
Past version: Effective from 01 Oct 2020 to 31 May 2025
To view other versions open the versions tab on the right
| Change Date | Description of Changes | Page Amended |
| 04/2005 | Initial Launch | |
| 01/2007 | Added definition for ancillary services provider(s) | 1 |
| 01/2007 | Added definitions for Bahraini insurance broker(s), Bahraini insurance consultant(s), Bahraini insurance intermediaries and Bahraini insurance managers | 3 |
| 01/2007 | Page reformatted and definitions of Categories clarified | 5 |
| 01/2007 | Added definition for general insurance or general insurance business | 11 |
| 01/2007 | Added definition for global insurance broking activities | 11 |
| 01/2007 | Deleted reference to insurance law; added definition for insurance exchange operators | 14 |
| 01/2007 | Added reinsurance firm to the definition of insurance firm | 14 |
| 01/2007 | Added definition for insurance technical risk | 15 |
| 01/2007 | Amended reference to Net assets | 18 |
| 01/2007 | Added definition for overseas insurance licensee | 20 |
| 01/2007 | Deleted definition for portfolio transfer | 21 |
| 01/2007 | Amended the definition of reference period | 22 |
| 01/2007 | Added definition for relevant operating expenses | 23 |
| 01/2007 | Added definition for Representative Office(s) | 24 |
| 01/2007 | Added definition for Retakaful | 24 |
| 01/2007 | Added takaful or takaful firms to definitions | 26 |
| 10/2007 | Added definition for Registered Actuary | 22 |
| 10/2007 | Deleted definition for Reporting Actuary | 23 |
| 10/2007 | Amended definition for Signing Actuary | 25 |
| 10/2009 | Added definition for investigator | 15 |
| 10/2009 | Added definition for qualified by exception | 22 |
| 04/2010 | Added definition for Managing Director | 17 |
| 01/2011 | Amended definition of appointed expert(s) | 2 |
| 01/2011 | Amended definition for Chief Executive Officer | 5 |
| 01/2011 | Amended definition of Employee; added definition for Executive Director | 10 |
| 01/2011 | Added definition for Independent director | 13A |
| 01/2011 | Amended definition for Non-executive director | 18 |
| 01/2011 | Amended the definition of outsourcing [outsource] | 19 |
| 01/2011 | Amended definition for qualified by exception | 22 |
| 01/2011 | Added definition for Remuneration | 24 |
| 01/2011 | Amended definition of representative office or representative office licensee(s) | 24 |
| 01/2011 | Added definition of senior manager/management | 24 |
| 01/2011 | Amended definition of shareholder(s) | 25 |
| 04/2011 | Amended definition of appointed expert(s) | 2 |
| 04/2011 | Amended definition of Employee; amended definition of Executive Director | 10 |
| 04/2011 | Corrected cross reference for definition of managing director | 17 |
| 04/2011 | Amended definition for qualified by exception | 22 |
| 04/2011 | Amended definition of representative office or representative office licensee(s) | 24 |
| 04/2011 | Amended definition of shareholder(s) | 25 |
| 10/2011 | Added definition for conflict of interest | 6 |
| 10/2011 | Clarified definition of independent director | 13A and 13B |
| 10/2011 | Added definition for trilateral meeting | 27 |
| 01/2012 | Amended definition of independent director | 13B |
| 04/2012 | Added definition for client money | 6 |
| 04/2012 | Added definition for client money account | 6 |
| 04/2012 | Added definition for fiduciary assets | 11 |
| 04/2012 | Added definition for fiduciary liabilities | 11 |
| 04/2012 | Added definition for licensee(s) | 15 |
| 01/2013 | Added definition for financial services | 11 |
| 04/2013 | Split the definitions for Takaful and Takaful firms | 26 |
| 04/2014 | Added definition for earmarked assets | 10 |
| 10/2014 | Corrected reference for the definition of exempt introducer | 10 |
| 10/2014 | Corrected reference for the definition of relevant authorities | 23 |
| 10/2015 | Amended definition of family | 11 |
| 07/2016 | Amended definition of Politically Exposed Persons ('PEPs') | 21 |
| 10/2017 | Added definition for Beneficiary | 3A |
| 10/2019 | Added definition of Insurance Aggregators | 13B |
| 10/2019 | Added definition for 'without delay'. | 28 |
| 07/2020 | Amended definition of ‘independent director’ | 13A |
| 07/2020 | Deleted definition of “independent non-executive director’ | 13B |
| 10/2020 | Added point (f) to definition of ‘independent director’. | 13A |