CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
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BC-8.13.11

The minimum requirements that should be met where the conventional bank licenseeG prepares and publishes investment researchG include:

(a) Analysts must not trade in securities or related derivatives ahead of publishing research on the issuer of these securities;
(b) Analysts must not trade in securities or related derivatives of any issuer that they review in a manner contrary to their existing recommendations except in special circumstances subject to pre-approval by compliance or legal personnel;
(c) Analysts must not accept inducements by issuers or others with a material interest in the subject matter of investment research; and
(d) Conventional banks must not promise issuers favorable research coverage, specific ratings or specific target prices in return for a future or continued business relationship, service or investment.
Amended: January 2011
Added: April 2008
 Versions
(2 Versions)
 
Apr 1 2008 - Dec 31 2010Jan 1 2011 onwards
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