BC-2.2.8
Past version: Effective from 01 Jul 2007 to 30 Sep 2009
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For the purposes of Rule BC-2.2.3, a
(a) State and local governments;
(b) Large undertakings meeting two of the following size requirements on a company basis:
(i) Balance sheet total: BD 10,000,000;
(ii) Net turnover: BD 1,000,000; and
(iii) Own funds: BD 1,000,000;
(c) Other institutional investors and pensions funds whose main activity is to invest in financial instruments , including entities dedicated to the securitisation of assets or other financing transactions; and
(d) Individuals who elect to be treated as professional clients .
Amended: January 2007