Admission Criteria & Requirements
To be eligible for admission as a Member, an applicant must satisfy the following conditions:
- The Member be a corporation conducting business in Bahrain with exception to External Members;
- The Member must be qualified by a Clearing Member (unless it is admitted as a direct Clearing Member);
- The Member must meet the requirements of the CBB and in particular Volume 6, and where the applicant is a CBB licensee such other licenses or authorization issued by the CBB;
- The Member must satisfy to the BHB that it complies with, and will continue to comply with, the capital and financial requirements that BHB prescribes;
- The Member must satisfy to the BHB that it has facilities, procedures, personnel and financial resources which are adequate for the performance by the applicant of its obligations as a Member under BHB Market Rules and for expeditious and orderly dealings with BHB and other Members;
- The Member must comply with such other requirements as may be prescribed by BHB from time to time.
Contact Us:
If you have any inquiries about Membership in Bahrain Bourse , please contact us on +973 17108778 ( Telephone) and/or email to
[email protected].
Membership Categories
| Category | Permitted Activities | Capital Requirement | Clearing Method
|
|---|
Discount Broker
| Collecting investors’ or clients’ orders which are required to be executed on BHB through a broker, dealer, or broker-dealer | BD 10,000 | Cleared through a registered clearing Member
|
Broker
| - Trading in securities as Agent;
- Arranging transactions in securities as an Agent
| BD 50,000 | Cleared through a registered clearing Member
|
Broker-Dealer
| - Trading in securities as Principal;
- Trading in securities as Agent;
- Executing transactions in securities as Principal and arranging transactions for clients as Agent;
- Managing securities’ portfolios;
- Depositing of securities
- Advising on securities businesses;
- Providing market research and analysis.
| BD 250,000 | Cleared directly by broker (Direct Clearing)
|
|
External Broker | Trading in securities as an Agent
Arranging transactions as Agent | BD 100,000 | Cleared through a registered clearing Member |
External Broker-Dealer
| - Trading in securities as Principal;
- Trading in securities as Agent;
- Executing transactions in securities as principal and arranging transactions for clients as Agent;
- Managing securities portfolios;
- Depositing of securities;
- Advising on securities businesses;
- Providing market research and analysis
| BD 250,000 | Cleared through a registered clearing Member |
Authorised Trader
| Financial institutions or high net worth investors to be authorized by BHB and shall act as principal only | BD 500,000 | Cleared through a registered clearing Member or Directly through the broker (Direct Clearing) |