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 53 Transfers and Entries
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Article 53 Transfers and Entries

53.1 The following transfers and entries shall be effected in the Central Securities Registry directly by the CSU in the CSDR System, subject to an order issued by the court or any other administrative body, including but not limited to:
53.1.1 Hereditary transfers of securities;
53.1.2 Limitation of the disposal of securities according to an execution or enforcement order issued by a court, pursuant to Chapter Four of the Bahrain Civil and Commercial Procedures Law (1971) (hereinafter referred to as the CCP);
53.1.3 Transfers of securities according to an interim order issued by the execution court, pursuant to Chapter Eight of the CCP;
53.1.4 Entry of a lien, realization (sale or transfer) and removal of a lien (distress) on securities, according to the enforcement order (distress statement) against a debtor's property issued by the execution court, pursuant to Article (273) and Article (280) of the CCP.
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