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MAE-1.5.3
The CBB may revoke any exemption granted to a personG on any of the following grounds without giving the personG an opportunity to be heard:
(a) The personG 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 personG ; or
(c) The personG has been convicted, whether in Bahrain or elsewhere, of an offence involving fraud and dishonesty or the conviction for which involved a finding that it had acted fraudulently or dishonestly.
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