CBB Volume 3: Contents
[ D ]
Dated subordinated debt
A subordinated debt instrument whose maturity date is fixed at the time the instrument is issued.
A company that is a subsidiary of another company under the Commercial Companies' Law 2001 of the Kingdom of Bahrain.
A contract for differences (rights under any contract, the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in: i) the value or price of property of any description; or ii) an index or other factor designated for that purpose in the contract (futures, options, swaps and forwards).
Those dealings between insurance licensees and customers, excluding the business of reinsurance.
A person who is acting in the capacity of director of a firm (whether appointed or not or whether titled director or not). In the case of a sole trader, unincorporated body or partnership, a person directing its affairs or partner (of a partnership). This is a controlled function.
For the purposes of the Business Conduct Module (BC), "Domestic business" means risks arising in or from within the Kingdom of Bahrain.