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BC-7.2.9

Past version: effective from Oct 1 2007 - Dec 31 2010.
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Under Paragraph BC-7.2.8 above; (a) the securities should not be considered as part of the bank's own assets for the purposes of determining ownership/control under Bahrain law, and (b) if the investor has discharged his obligations to the participating bank under the System and the securities have not been sold, the securities shall be transferred into the legal ownership of the investor.

October 07
 Versions
(2 Versions)
 
Oct 1 2007 - Dec 31 2010Jan 1 2011 onwards
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