In implementing the provisions of this Regulation, the following terms and expressions shall have the meanings assigned to them unless the context otherwise requires:

Kingdom means the Kingdom of Bahrain.

Government means the Government of the Kingdom of Bahrain.

Law means Central Bank of Bahrain & Financial Institutions Law ("CBB Law") promulgated by Law No. (64) of 2006.

CBB means the Central Bank of Bahrain.

Governor means the Governor of the Central Bank of Bahrain.

Board means the Deposit and Unrestricted Investment Accounts Protection Board.

Bank means Conventional Bank or Islamic Bank.

Fund means Conventional Fund or Islamic Fund.

Conventional Banks Fund means the protection fund referred to under Article 14(1) of this Regulation.

Islamic Banks Fund means the protection fund referred to under Article 14(2) of this Regulation.

Deposit Account: means the account that is defined being a deposit in accordance with the Central Bank of Bahrain Resolution No. 23 of 2009 in respect of Definition of Deposit.

Conventional Bank means a retail bank operating in the Kingdom and licensed by the CBB to operate on a conventional banking basis.

Islamic Bank means a retail bank operating in the Kingdom and licensed by the CBB to operate on a Shari'a-compliant banking basis.

Eligible Depositor/ Investor means any natural person, (resident or non-resident), holding an Eligible Account(s) with a Conventional Bank or an Islamic Bank in the Kingdom. It does not include Deposits and Unrestricted Investments Accounts held with a Conventional and/or an Islamic Bank's foreign branches operating outside the Kingdom.

Eligible Account(s) means any Deposit Account and Unrestricted Investment Accounts, and any other deposits or accounts similar in nature and which have similar characteristics which are approved by the CBB, regardless of currency, with the exception of bearer certificates of deposit.

Lead Mandated Bank means the bank appointed by the Deposit and Unrestricted Investment Accounts Protection Board to administer the procedures to make compensation payments referred to in Chapter 6 of this Regulation.

Mandated Bank(s) means such other banks mandated by the Lead Mandated Bank to assist and/ or participate in the processing of compensation payments referred to in Chapter 6 of this Regulation.