Skip to Content
Whole SectionText only Print Print Manager Link

MAE-2.1.2

A licensed exchangeG or licensed market operatorG shall, as soon as practicable after the occurrence of any of the following circumstances, notify the CBB of the circumstance:

(a) Any material change to the information provided by the licensed exchangeG or licensed market operatorG in its application under MAE-1.2;
(b) The carrying on of any business by the licensed exchangeG or licensed market operatorG other than:
(i) The business of operating a marketG ;
(ii) A business incidental to operating a marketG ; or
(iii) Such business or class of businesses as the CBB may prescribe;
(c) The acquisition by the licensed exchangeG or licensed market operatorG of a substantial shareholding in a corporation which does not carry on:
(i) The business of operating a marketG ;
(ii) A business incidental to operating a marketG ; or
(iii) Such business or class of businesses as the CBB may prescribe;
(d) The licensed exchangeG or licensed market operatorG becoming aware of a financial irregularity or other matter which in its opinion:
(i) May affect its ability to discharge its financial obligations; or
(ii) May affect the ability of a memberG of the licensed exchangeG or licensed market operatorG to meet its financial obligations to the licensed exchangeG or licensed market operatorG ;
(e) The licensed exchangeG or licensed market operatorG reprimanding, fining, suspending, expelling or otherwise taking disciplinary action against a memberG of the licensed exchangeG or licensed market operatorG ;
(f) The licensed exchange or licensed market operator reprimands, suspends, dismisses or otherwise takes disciplinary action against any of its directors, or key management officers or if any director or key management officer is subject to an order or petition of bankruptcy or criminal prosecution;
(g) Any civil or criminal legal proceeding instituted against the licensed exchangeG or licensed market operatorG , whether in Bahrain or elsewhere;
(h) Any disciplinary action taken against the licensed exchangeG or licensed market operatorG by any regulatory body, whether in Bahrain or elsewhere, other than the CBB;
(i) Any significant change to the regulatory requirements imposed on the licensed exchangeG or licensed market operatorG by any regulatory body, whether in Bahrain or elsewhere, other than the CBB;
(j) A failure by the licensed exchangeG or licensed market operatorG to adhere to the trading days, hours or sessions of the licensed exchangeG or licensed market operatorG ;
(k) Any disruption of, delay in, suspension of, or termination in any trading procedure or trading practice of the licensed exchangeG or licensed market operatorG including those resulting from any system failure;
(l) Any other matter that the CBB may specify by notice in writing to the licensed exchangeG or licensed market operatorG .
Amended: April 2013
 Versions
(2 Versions)
 
Oct 1 2008 - Mar 31 2013Apr 1 2013 onwards
Back to top