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Location: Bahrain Stock Exchange Law 1987 > Chapter 5 Stock Exchange Finance
  • Chapter 5 Stock Exchange Finance

    • Article 19

      The Exchange shall have a balance sheet, which shall be prepared in accordance with the rules set forth in the Internal Regulations.

      The financial year of the Exchange shall commence on the first day of January, and shall end on 31 December of each year.

      The Exchange's regulations shall provide for the rules and financial procedures for disposing of its funds and the books to be maintained for the control of transactions and the manner of auditing its accounts.

      Notwithstanding the provisions of this Article, the first financial year of the Exchange shall commence on the effective date of this Law, and shall end on 31 December of the following year.

    • Article 20

      The Exchange's revenues shall consist of the following:

      1. Revenues of the services offered by the Exchange.
      2. Proceeds of investment of Exchange funds.
      3. Proceeds of fines or penalties imposed, in accordance with the provisions of this Law.
      4. Fees levied in favour of the Exchange.
      5. Any other revenue approved by the Exchange's Board.

      The Internal Regulations shall set forth the rules and procedures for determining and collecting such revenues and fees, and the manner of investing the Exchange's funds.

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