المادة 2: Definitions

Article 2: Definitions

a) Any reference to the “Capital Market Law” in these Instructions shall mean the Capital Market Law issued by the Royal Decree No. M/30 dated 2/6/1424H.

b) Subject to paragraph (c) of this Article, expressions and terms in these Instructions have the meaning which they bear in the Capital Market Law and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, unless the context indicates otherwise.

c) For the purpose of implementing these Instructions, the following expressions and terms shall have the meaning they bear as follows, unless the context indicates otherwise: - Freezing the Investment Account: The temporary block on all money transfers from the investment account, the utilisation of its balance, and the transfer or pledge of securities in the investment portfolios linked to it. The freezing of the investment account shall not prevent the client from selling securities and receiving its proceeds or profits on the investment account or transferring funds from his bank account to his investment account. - Investment Account: An accounting record created by the capital market institution for the client`s money deposited in a client account opened by the capital market institution to fund the client's transactions in securities and reflects all the details of the transactions in respect of that account. - Investment Portfolio: An account linked to the investment account that reflects the client's assets received by the capital market institution in the course of carrying out securities business as per the Client Asset Rules stipulated in the Capital market institutions Regulations and reflects all the details of the transactions in respect of that account. - GCC Legal Persons: A legal person whose capital is majority owned by citizens or governments of the GCC member states and holds the nationality of one of the GCC member states. ماع - Public - “APOSTILLE” Certificate: A certificate issued pursuant to Hague Convention abolishing the requirement of legalization for Foreign Public Documents. - GCC: The Cooperation Council for the Arab States of the Gulf. - Identification Document: The valid identification document issued by the competent authorities and accepted for opening an investment account for the client in accordance with these Instructions. - Non-profit Organisation: Any legal entity licensed to engage in collecting, receiving, or paying money for charitable, religious, cultural, educational, social, or solidarity purposes or other charitable activities. - Combating -Terrorism Crimes and its Financing Law: The Combating-Terrorism Crimes and its Financing Law issued by the Royal Decree No. M/21 dated 12/2/1439H. - Anti-Money Laundering Law: The Anti-Money Laundering Law issued by the Royal Decree No. M/20 dated 5/2/1439H. ماع - Public Part 2 Instructions for Opening Investment Accounts