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Article (2)

Companies other than brokerage companies licenced to provide custodial services pursuant to the Minister of Commerce and Agriculture's No/ 2/1995 may be admitted in the membership of Central Depository on the Exchange according to the following conditions:

1- The company should be a Bahraini joint stock company, a limited liability company, a branch of a foreign company or an exempted company licensed to operate in Bahrain.
2- The company's objects clause should include the provision of custodial services.
3- The company shall undertake the following:
a- To separate its assets and accounts from the securities of client's to whom it provide custodial services.
b- To provide the custodial services in accordance with the standard agreement for the provision of custodial service approved by the Exchange.
c- To implement the provisions of this Resolution and abide by the rules, regulations and procedures related to the Clearing, Settlement and Central Depositary issued by the Exchange from time to time.
4- The company should have not been convicted for any crime of money laundering or mismanagement of its client's accounts or funds.
5- Any other conditions stipulated by the Exchange.