Bahrain Bourse (BHB) Material: Contents

Bahrain Bourse (BHB) Material
BHB Clearing, Settlement & Central Depository & Registry Rules
Resolution No. (3) for the Year 2000 with Respect to the Clearing, Settlement, Depository and Registry Rules
Article 12 Transfer Order on the Basis of a Daily Trade Report
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Article 12 Transfer Order on the Basis of a Daily Trade Report

12.1 For trades transacted on the BSE, obligations to transfer the securities arising from such trades shall be fulfilled on the basis of a Daily Trade Report, provided by the BSE's Trading and Members Affairs Unit for that purpose.
12.2 The transfer of securities to the new holder's account, notwithstanding Article (11) of these Rules, shall be deemed that a security holder has issued to the trading Participant an order for the transfer of securities from his account to the account of the new holder, in order to fulfill the obligations arising from the trade carried out at the BSE, on behalf of the securities holder.
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