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Glossary History

Past version: effective from Jul 1 2017 - Sep 30 2017.
To view other versions open the versions tab on the right.

Version Date Description of Changes
July 2004 Initial Launch Version.
July 2006 Updated version, including new defined terms of retail bank and wholesale bank license sub-categories, and definitions of regulated banking services.
April 2010 Updated Definition of Deposit in accordance with Resolution No. (23) of 2009 in respect of Definition of Deposit.
October 2010 Amended definition for Chief Executive Officer; added definition of Executive director, Independent director; Non-executive director; Remuneration, and; senior manager/management.
January 2011 Minor corrections and amendments for consistency purposes; Amended definition for approved person(s), collective investment undertaking, exposure(s), security(ies);
Added definition for accredited investor(s), acquisition(s), bond(s); capital instrument(s), close links, connected person(s), future(s), investment(s), investment analyst, investment research, licensed exchange(s); market, option(s), participant(s), personal account transaction, public offering(s), qualifying holding(s), real time promotion, retail customer(s), self-regulatory organisation(s) or SROs, soft dollar agreement, swap(s), warrants;
Deleted definition of independent non-executive director.
April 2011 Amended definition of executive director.
October 2011 Clarified definition of independent director;
Added definition for appointed expert(s), qualified by exception.
Amended definition of trilateral meeting.
January 2012 Amended definition of independent director.
Added definition for underwriting.
April 2012 Corrected cross reference for the definition of director;
Corrected typo in the definition of conflict of interest;
Updated definition of qualifying holdings to be in line with Module CM.
July 2012 Added definition for Bahrain domiciled CIU(s);
Amended definition of controller to be in line with Module GR.
October 2012 Added definition for conspicuous notice, eligible account(s), eligible depositor(s), framework, principal, transferee and transferor.
Amended definition of Basel Committee and deposit(s) or deposit account(s).
January 2013 Added definition for financial services.
Amended definition of deposit-taking, providing credit, public offering(s).
October 2013 Updated definition of controllers to be in line with Module GR.
January 2014 Added definition for clawback, malus, material risk-takers.
Amended definition of remuneration.
July 2014 Amended definition for clawback.
October 2014 Amended definition of Authorised money or value transfer service provider(s).
Amended definition for financial instruments trader.
Corrected cross reference for relevant authorities.
January 2015 Added definition of affiliate, banking group, credit risk, financial entity, market risk, minority interest, operational risk, securities financing transactions, subsidiary and trigger event.
Amended definition for control and price risk.
Corrected cross reference for acquisition(s).
April 2015 Amended definition of overseas conventional retail bank licensee(s) and subsidiary(ies).
Deleted the definition of head of function and qualifying holding(s).
January 2016 Amended the definition of approved person(s).
April 2016 Added definition for disabled customer(s).
Amended the definition of controlled function(s).
July 2016 Amended definition of Politically Exposed Persons (PEPs).
October 2016 Added definition of major investment.
April 2017 Added definition of Bahraini retail bank licensee(s).
April 2017 Added definition of Bahraini wholesale bank licensee(s).
July 2017 Deleted Bahraini retail bank licensee(s).
July 2017 Deleted Bahraini wholesale bank licensee(s).
July 2017 Added definition of branches of foreign bank licensee(s).
July 2017 Added definition of conventional retail bank licensee(s).
July 2017 Added definition of conventional wholesale bank licensee(s).
July 2017 Added definition of country risk.
July 2017 Deleted definition of overseas conventional bank licensee(s).
July 2017 Deleted definition of overseas conventional retail bank licensee(s).
July 2017 Added definition of transfer risk.
July 2017 Deleted the definition of wholesale banks.
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