Bahrain Bourse (BHB) Material: Contents
Resolution No. (4) of 2000 With Respect to the Establishment of a Guarantee Contribution Fund At The Bahrain Stock Exchange
The Chairman of the Board of Directors:
After perusal of Amiri Decree No. (4) of 1987 pertaining to the establishment and organization of the Bahrain Stock Exchange;
And the Internal Regulations of the Bahrain Stock Exchange, issued by the Minister of Commerce and Agriculture's Resolution No. (13) of 1988;
And the Chairman of the Bahrain Stock Exchange's Resolution No. (3) of 2000, pertaining to the Clearing, Settlement, Depository and Registry Rules;
And upon the proposal of the Director of the Bahrain Stock Exchange;
Have resolved as follows:
The provisions of this Resolution shall be applied temporarily during the testing period of the application of the CSDR System at the BSE. The BSE's Management shall develop such provisions during the said period and propose its issuance in a final form after ascertaining its compliance with the CSDR.
Notwithstanding the provisions of Article (1) above, the Director of the BSE may issue the necessary resolutions and procedures for the implementation of the provisions of this Resolution, and must inform the Chairman of the BSE's Board of Directors therewith from time-to-time. The Chairman may cancel or suspend the implementation of such resolutions or procedures.
The Director of the BSE shall implement the provisions of this Resolution, effective from the date of its signature.
Ali Saleh Al Saleh
Minister of Commerce
Chairman of the Bahrain Stock Exchange
Board of Directors
Issued on 2nd Ramadan 1421 H
Corresponding to 28th November 2000