Skip to Content
Whole SectionText only Print Print Manager Link

MAE-1.8.3

The CBB may cancel a license that was granted to a licensed exchangeG or licensed market operatorG on any of the following grounds without giving an opportunity to be heard:

(a) The licensed exchangeG or licensed market operatorG is in the course of being wound up or otherwise dissolved, whether in Bahrain or elsewhere;
(b) A receiver, a receiver and manager, or an equivalent personG has been appointed, whether in Bahrain or elsewhere, in relation to or in respect of any property of the licensed exchangeG or licensed market operatorG ; and
(c) The licensed exchangeG or licensed market operatorG has been convicted, whether in Bahrain or elsewhere, of an offence involving fraud or dishonesty or the conviction for which involved a finding that it had acted fraudulently or dishonestly.
 Versions
(1 Version)
 
Oct 1 2008 onwards
Back to top