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Location: Central Bank of Bahrain Volume 6—Capital Markets > Part A > Institutions > MAE — Markets and Exchanges > MAE-4 Instruments, Transactions and Contracts > MAE-4.3 Suspension of Securities > MAE-4.3.1
  • MAE-4.3 Suspension of Securities

    • MAE-4.3.1

      Where the CBB is of the opinion that it is necessary to prohibit trading in particular securitiesG or contracts listed or traded on a licensed exchangeG or licensed market operatorG , as the case may be;

      (a) In order to protect personsG buying or selling the securitiesG or contracts; or
      (b) In the interests of the public;

      the CBB may give notice in writing to the licensed exchangeG or licensed market operatorG stating that it is of that opinion and setting out the reasons for its opinion.

    • MAE-4.3.2

      If after the receipt of the notice given under Paragraph MAE-4.3.1, the licensed exchangeG or licensed market operatorG fails to take any action in relation to those securitiesG or contracts on that marketG and the CBB continues to be of the opinion that it is necessary to prohibit trading in those securitiesG or contracts on that marketG , the CBB may by notice in writing to the licensed exchangeG or licensed market operatorG , prohibit trading in those securitiesG or contracts on that marketG for such period, as is specified in the notice.

    • MAE-4.3.3

      Where the CBB gives a notice to a licensed exchangeG or licensed market operatorG under Paragraph MAE-4.3.2, the CBB shall:

      (a) At the same time send a copy of the notice to the issuer of such security or participantG , as the case may be; and
      (b) As soon as practicable, furnish to the licensed exchangeG or licensed market operatorG a written report setting out the reasons for giving the notice.
      Amended: July 2016

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