Article 1 Definitions
Unless the context requires otherwise, the following words and expressions shall have the meaning attributed to them:
| The Law: | means the Bahrain Stock Exchange Law issued in accordance with Decree Law No. 4/1987. |
| Business Days: | means days of the week from Sunday to Thursday, excluding public holidays. |
| The Exchange: | means the Bahrain Stock Exchange. |
| The Director: | means the Director of the Bahrain Stock Exchange. |
| The Board: | means the Board of Directors of the Bahrain Stock Exchange. |
| Settlement Bank: | means the bank which provides the Exchange and its participants with the necessary facilities to effect payments relating to the settlement of securities transactions executed at the Exchange. |
| Settlement Account: | means the account maintained by the participants and the Exchange at the Settlement Bank, for the settlement of the net balance due to or from the broker. |
| Participants: | means the broker or any party who is permitted by the Exchange to provide clearing, settlement, and central depository services. |
| Investor's Number: | means the number allocated by the Exchange to any dealer in securities. |
| Unique Identification Number: | shall mean the Central Population Registry's Unique Identification Number for a Bahraini legal entity or individual person and an identification number allocated by the BSE on the basis of a passport, extract of the home country company register, or any other official document showing the identity of non-Bahraini legal entities or individual persons. |
| Settlement Day: | means the designated day for the settlement of deals performed at the Exchange. Presently it is two days after the transaction day (T+2). |
| The Unit: | means the designated unit for the procurement of clearing, settlement and central depository at the Exchange. |
| Securities: | means shares and debentures issued by Bahraini joint stock companies, bonds and promissory notes issued by the Government of Bahrain, or by any Bahraini public corporation or institution, or any other instruments or securities, Bahraini or otherwise, approved for trading by the Board. |
| Registrar: | means the designated party for the maintenance and management of the share register in public joint stock companies, or any other register for the ownership of other types of securities. |
| Share Register: | means the special register for recording shareholders names, nationalities, addresses and number of shares held by the shareholders and any transactions performed on these shares. |
| Custodian: | means the participant authorized to perform custodial and transfer services of securities and payment of obligations resulting from the trading of such securities on behalf of the custodian's clients. |
| Central Registry: | means the central database where all information relating to holders of securities, mortgages and third parties rights on deposited securities are recorded. |
| Guarantee Fund: | means the contributory Guarantee Fund established by the Exchange for payment of obligations resulting from failure of a participating broker in the payment of his net debt balance on the Settlement Day. |
| Deposited Securities: | means any securities that are, from time-to time, entered in the securities account of a participating broker or in the account of an investor through the Clearing, Settlement and Central Depository System by deposit or delivery. |