Versions

 

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.