Glossary History
Version Date | Description of Changes |
April 2006 | Initial Launch |
July 2006 | Page 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 2008 | Added 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 2010 | New 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 2013 | Removed the term 'appointed representative(s)' |
October 2014 | Amended cross reference for relevant authorities. |
October 2015 | Added definition for ultimate parent undertaking. |
July 2016 | Amended definition of Politically Exposed Persons (PEPs). |
October 2017 | Added definition of Beneficial Owner. |
April 2019 | Added definition of Digital Financial Advice. |
October 2019 | Added definition of 'without delay'. |
July 2020 | Amended definition of Independent Director. |
October 2020 | Amended definition of Accredited Investor. |
October 2020 | Added point (f) in definition of Independent Director. |
July 2022 | Amended definition of accredited investor(s). |
October 2023 | Added definitions of Family, Family Clients, Family Office Licensees, Investment Management and Wealth Management Advice. |
January 2024 | Added definitions of Beneficiary, Beneficiary Financial Institution, Ordering Financial Institution and Originator. |