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MAE-1.11.1

Past version: Effective from 01 Oct 2008 to 31 Mar 2016
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No licensed exchange or licensed market operator may, without a prior written approval of the CBB:

(a) Open a new place of business in the Kingdom;
(b) Close or change an existing place of business in the Kingdom;
(c) Open a new place of business abroad if the licensed exchange or licensed market operator is not an overseas exchange; and
(d) The CBB may restrict its approval stipulated in MAE-1.6.1, subject to any other conditions, as it may deem necessary.