Bahrain Bourse (BHB) Material: Contents

Bahrain Bourse (BHB) Material
BHB Guarantee Contribution Fund Resolution
Article (8) Review of Contributions
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Article (8) Review of Contributions

8.1 The BSE shall have the right to review the Participants contributions from time-to-time, subject to its sole discretion, or if a higher Trading Cap Limit is requested. If the new amount of the contribution is higher than the previous one, Participants are required to pay into the Guarantee Fund account the difference between the previous contribution and the new one.
8.2 The BSE may also require the Participants to make additional contributions to the Guarantee Fund account, based upon anticipated average trading volume, or current (net or gross) settlement obligations.
8.3 All Participants must maintain the fixed minimum contribution established by the BSE at all times.
8.4 Any increase of the minimum fixed contribution amount or any additional contribution amount shall be paid within five (5) days after receipt of the CSU's written request to pay such contributions.
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