BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



Location: Bahrain Stock Exchange Law 1987 > Chapter 6 General Provisions
  • Chapter 6 General Provisions

    • Article 21

      The Exchange's Internal Regulations shall be issued by and pursuant to an order of the Minister of Commerce, upon a recommendation from the Exchange's Board. Pending the issue of the Exchange's Internal Regulations, the Minister of Commerce shall be empowered to issue provisional orders regulating the work at the Exchange.

      Regulations shall, in particular, determine the authority of the Chairman of the Board, the Exchange's Director, procedures for the convention of the Exchange's Board meetings, procedures for deliberations, the necessary quorum for the valid convention of such meetings, and adoption of its resolutions, registration and membership fees.

    • Article 22

      Stockbrokers, market makers, other persons of similar status, their assistants, Exchange employees, auditors and any person concerned with executing transactions on the Exchange, shall not divulge the secrets of their business and shall refrain from disclosing the names of clients, in accordance with Article 371 of the Penal Code, otherwise they shall be liable to the penalties laid down therein, in addition to the disciplinary penalties according to Article 14 of this Law.

    • Article 23

      All provisions conflicting with the provisions of this Law shall be repealed.

    • Article 24

      The Ministers, each in his respective capacity, shall implement this Law which shall come into force from the date of its publication in the Official Gazette.

Back to top