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MAE-1.8.1

The CBB may cancel any license of a personG as a licensed exchangeG or licensed market operatorG if:

(a) There exists criteria under MAE-1.2 that the licensed exchangeG or licensed market operatorG does not meet and on which grounds the CBB would refuse an application;
(b) The licensed exchangeG or licensed market operatorG does not commence operating its marketG or, where it operates more than one marketG , all of its marketsG within 6 months from the date on which it was granted the license.
(c) The licensed exchangeG or licensed market operatorG ceases to operate its marketG or, where it operates more than one marketG , all of its marketsG .
(d) The licensed exchangeG or licensed market operatorG contravenes:
(i) Any condition or restriction applicable in respect of its license;
(ii) Any direction issued to it by the CBB;
(iii) Any provision in this Module; or
(iv) Any other CBB law, rule or regulation;
(e) The licensed exchangeG or licensed market operatorG operates in a manner that is in the opinion of the CBB, contrary to the interests of the public or userG ; and
(f) Any information or document knowingly or willingly provided by the licensed exchangeG or licensed market operatorG to the CBB is false or misleading.
Amended: April 2013
 Versions
(2 Versions)
 
Oct 1 2008 - Mar 31 2013Apr 1 2013 onwards
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