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 25 Charges and Fees
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Article 25 Charges and Fees

25.1 Notwithstanding the fees provided for in Article (53) of the Internal Regulations, and the Resolutions passed thereunder, the BSE shall adopt, and may from time-to-time amend, a non-discriminatory schedule of charges for services rendered according to these Rules.
25.2 Notwithstanding any charges levied by the BSE in accordance with Article (14) of the BSE Law and Article (73) of the Internal Regulations and the Resolutions passed there under for violation of the BSE Law, and the Internal Regulations as amended, the BSE may impose a surcharge for conduct likely to impede the operations of the BSE, provided that no surcharge for any given offence shall exceed the sum of BD5,000.
25.3 Subject to Article (25.2) above, the BSE shall impose on the Participant who fails to discharge his clearing and settlement obligations on T+2, a default charge of BD20 for a transaction not exceeding BD10,000, and BD20 for each BD10,000 thereafter. The charge shall be imposed for each day of default, until the failing Participant discharges his clearing and settlement obligation in full.

The defaulting Participant may seek compensation in lieu of such a charge from his client, if the Participant's failure to discharge his clearing and settlement obligation is due to the client of such Participant.
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