CBB Volume 6: Contents

Central Bank of Bahrain Volume 6—Capital Markets
Part A
CSD — Clearing, Settlement and Depository
CSD-2 Clearing House and Central Depository Function
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A central depositoryG must specify that any deposited security in a securities accountG as being in suspense in any of the following circumstances:

(a) Where the securitiesG have not been made fully paid-up;
(b) Where the central depositoryG has reason to believe or is satisfied that there is a breach of the rules of the central depositoryG , licensed exchangeG or licensed clearing houseG ;
(c) Where the central depositoryG has been served with a notice by the CBB that the CBB suspects or has reason to believe that a provision of a related law has been contravened and that securities accountG of a securities holder is relevant to its investigations regarding the contravention;
(d) Where the central depositoryG has been served with an order of a court of competent jurisdiction prohibiting any dealing in respect of a deposited securityG ;
(e) Where the securitiesG or interim certificates are lost and no other securitiesG or certificates are given in lieu; or
(f) Such other circumstances as may be prescribed by the CBB.
Amended: April 2016
(2 Versions)
May 1 2009 - Mar 31 2016Apr 1 2016 onwards
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