Glossary History

Version DateDescription of Changes
April 2006Initial Launch
July 2006Page 19 ("R"): deletion of 'acting as a financial trust service provider' from the definition of 'regulated investment services'.
July 2007
•   Changes to definitions of: administrator(s); authorised person(s); collective investment undertaking(s); family; property.
•   New definitions included: closed-ended fund(s); custodian(s); Investment Business Code of Practice; Islamic investment firm; overseas Category 1 investment firm.
July 2008Added definition for accredited investor, dematerialised safe custody financial instruments and expert investor.
October 2009
•    Changes to definitions of: accredited investor; expert investor and subsidiary undertaking.
•    New definitions included: investigator; qualified by exception; managing director and retail client.
•    Deleted definitions of: appointed expert, market counterparty and professional client.
July 2010New definitions included: appointed expert, listed company, reporting accountant and trilateral meeting.
January 2011
•   Amended definition of: Chief Executive Officer.
•   New definition included: Dated subordinated debt, Executive director, Independent director, licensed exchange(s), market, minimum capital requirements, Non-executive director, original term, remuneration, senior manager/management.
April 2011
•   Amended definition of executive director and managing director.
•   New definitions include: branch(es), host regulator/supervisor.
October 2011
•   Added definition of: Conflict of interest.
•   Amended definition of appointed expert(s), family, qualified by exception and trilateral meeting.
•   Clarified definition of independent director.
January 2012
•   Amended definition of Collective investment undertaking(s) (CIU(s)) and independent director.
October 2012
•   Added definition for underwrite/underwriting.
January 2013
•   Added definition for financial services.
•   Amended definition for public offering.
July 2013
•   Added definition for Bahrain domiciled CIU.
•   Amended the definition of subsidiary undertaking.
October 2013Removed the term 'appointed representative(s)'
October 2014Amended cross reference for relevant authorities.
October 2015Added definition for ultimate parent undertaking.
July 2016Amended definition of Politically Exposed Persons (PEPs).
October 2017Added definition of Beneficial Owner.
April 2019Added definition of Digital Financial Advice.
October 2019Added definition of 'without delay'.
July 2020Amended definition of Independent Director.
October 2020Amended definition of Accredited Investor.
October 2020Added point (f) in definition of Independent Director.
July 2022Amended definition of accredited investor(s).
October 2023Added definitions of Family, Family Clients, Family Office Licensees, Investment Management and Wealth Management Advice.
January 2024Added definitions of Beneficiary, Beneficiary Financial Institution, Ordering Financial Institution and Originator.