BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player

Location: Central Bank of Bahrain Volume 6—Capital Markets > Part A > Institutions > MAE — Markets and Exchanges > MAE-1 Licensing > MAE-1.1 Requirement to be Licensed > MAE-1.1.4
  • MAE-1.1 Requirement to be Licensed

    • MAE-1.1.1

      No personG shall establish or operate a marketG , or hold himself out as operating a marketG in or from the Kingdom of Bahrain, unless the personG is:

      (a) A licensed exchangeG ;
      (b) A licensed market operatorG ; or
      (c) An exempt exchangeG or marketG operator.
      Amended: April 2016

    • MAE-1.1.2

      No personG in the Kingdom of Bahrain shall hold himself out:

      (a) As a licensed exchangeG unless he is a licensed exchangeG ; or
      (b) As a licensed market operatorG unless he is a licensed market operatorG .

    • MAE-1.1.3

      Except with the written approval of the CBB, no personG other than a licensed or exempt exchangeG shall take or use, or have attached to or exhibited at any place:

      (a) The title or description "securities exchange", "stock exchange", "futures exchange" or "derivatives exchange" in any language; or
      (b) Any title or description which resembles a title or description referred to in Subparagraph MAE-1.1.3 (a).
      Amended: April 2016

    • MAE-1.1.4

      No personG may market any financial servicesG in the Kingdom of Bahrain unless:

      (a) Allowed to do by the terms of a license issued by the CBB;
      (b) The activities come within the terms of an exemption granted by the CBB by way of a Directive; or
      (c) Has obtained the express written permission of the CBB to offer financial servicesG .
      Added: April 2013

    • MAE-1.1.5

      In accordance with Resolution No.(16) for the year 2012 and for the purpose of Paragraph MAE-1.1.4, the word 'market' refers to any promotion, offering, announcement, advertising, broadcast or any other means of communication made for the purpose of inducing recipients to purchase or otherwise acquire financial servicesG in return for monetary payment or some other form of valuable consideration.

      Added: April 2013

    • MAE-1.1.6

      Persons in breach of Paragraph MAE-1.1.4 are considered in breach of Resolution No.(16) for the year 2012 and are subject to penalties under Articles 129 and 161 of the CBB Law.

      Added: April 2013

Back to top