Article 1
In the application of this Regulation, the following words and expressions shall have the corresponding meanings:
| The "State": | shall mean the State of Bahrain. |
| "Law": | shall mean the Law of the Bahrain Stock Exchange. |
| "Regulation": | shall mean the Internal Regulation of the Bahrain Stock Exchange. |
| "Minister": | shall mean the Minister of Commerce and Agriculture. |
| "Exchange": | shall mean the Bahrain Stock Exchange. |
| "Board of Directors": | shall mean the Exchange's Board of Directors. |
| "Chairman": | shall mean the Exchange's Chairman of the Board of Directors. |
| "Director": | shall mean the Director of the Exchange. |
| "Brokerage": | shall mean the endeavours of authorized brokers to procure the execution of contracts for the sale, mortgage, or transfer by way of a gift, of companies' shares and provisional certificates representing such shares and bonds, and the performance dealings in any securities on behalf of others; or any other functions that may be determined by the Board of Directors, against a commission. |
| "Broker": | shall mean a person licenced by the Board to carry out brokerage services regarding securities traded on the Exchange, and the person who carries out brokerage services on behalf of a company licenced by the Board to carry out brokerage services relating to securities traded on the Exchange. |
| "Assistant Broker": | shall mean the person employed by a broker or a brokerage firm. Such a person may assist the broker in carrying out any brokerage duties associated with dealing in securities. The broker may appoint one or more of his representatives as assistant brokers, subject to the approval of the Exchange's administration. |
| "Market Making": | for the purpose of implementing the provisions of the Law, market making shall mean the endeavours of natural or legal persons licenced by the Board to execute deals for their own account, with a view to creating a continuous market on securities, in accordance with the rules and regulations issued by the Board in this respect. |
| "Market Makers": | market makers subject to the provisions of the law, shall mean the natural or legal persons, licenced by the Board to deal for their own account as market makers on the Exchange's Floor. Such market makers shall not be entitled to mediate in the conclusion of deals for the account of third parties. |
| "The Floor": | the place designated in the Exchange building for the execution performance of securities sale and purchase of securities, in accordance with the provisions of the Law and this Internal Regulation. |