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-1.4 Exemption of Exchanges and Market Operators > MAE-1.4.6
  • MAE-1.4 Exemption of Exchanges and Market Operators

    • MAE-1.4.1

      The CBB may:

      (a) Exempt any personG operating any marketG from the requirement under MAE-1.1 to be a licensed exchangeG or a licensed market operatorG ;
      (b) Declare that personG to be an exempt market operatorG , by order published in the Gazette; and
      (c) Impose such conditions or restrictions relating to the exemption as the CBB may deem fit, by notice in writing to that personG .
      Amended: April 2016

    • MAE-1.4.2

      An application to be exempted from the requirement under MAE-1.2 to be a licensed exchangeG or a licensed market operatorG shall be made in Form 4.

    • MAE-1.4.3

      The CBB may exempt an applicant referred to in MAE-1.4.1 from the requirement under MAE-1.2 if, in the opinion of the CBB, the objectives specified in MAE-1.2.5 can be achieved without regulating the applicant as a licensed exchangeG or a licensed market operatorG .

    • MAE-1.4.4

      An application made under MAE-1.4.1 shall be accompanied by a non-refundable prescribed application fee of BD100, which shall be paid in the manner specified by the CBB.

      Amended: April 2016

    • MAE-1.4.5

      The CBB may require an applicant to furnish it with such information or document as the CBB considers necessary in relation to the application.

    • MAE-1.4.6

      The CBB may, by notice in writing, impose on a personG exempted under MAE-1.4.3 such conditions or restrictions relating to the exemption as the CBB may deem fit, including conditions or restrictions relating to:

      (a) The activities that the personG may undertake;
      (b) The securitiesG or futures contractsG that may be traded on any marketG established or operated by the personG ; and
      (c) The nature of the investors or participantsG who may use, participate or invest in the securitiesG or futures contractsG traded on any marketG established or operated by the personG .
      Amended: April 2016

    • MAE-1.4.7

      The CBB may, at any time, by notice in writing to a personG exempted under MAE-1.4.3, vary any condition or restriction referred to in MAE-1.4.6 or impose such further condition or restriction relating to the exemption as the CBB may think fit.

    • MAE-1.4.8

      The CBB shall give notice in the Gazette of any personG exempted under MAE-1.4.3, and such notice may include the conditions or restrictions imposed by the CBB on the personG under MAE-1.4.6 in relation to the securitiesG or futures contractsG that may be traded on any marketG established or operated by the personG .

      Amended: April 2016

    • MAE-1.4.9

      An exempt market operatorG shall comply with all conditions or restrictions imposed on it under MAE-1.4.6, 1.4.7, or 1.4.8, as the case may be.

Back to top