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  • MAE-A.2 MAE-A.2 Module History

    • Evolution of Module

      • MAE-A.2.1

        This Module was first issued in October 2008. Any material changes that are subsequently made to this Module are annotated with the calendar quarter date in which the change is made; Chapter UG-3 provides further details on Rulebook maintenance and version control.

        Amended: April 2013

      • MAE-A.2.2

        A list of recent changes made to this Module is provided below:

        Module Ref. Change Date Description of Changes
        MAE-1.1.4 to MAE-1.1.6 04/2013 References added to requirements under Resolution No.(16) for the year 2012.
        MAE-1.2.4 04/2013 Updated name change to Form 3.
        MAE-1.9.1 and MAE-1.9.1A 04/2013 Provided details of annual fee due to the CBB.
        MAE-2.4.3 and MAE-2.4.4 04/2013 Added reference to report institutional information (IIS) to the CBB.
        MAE-5.3.12 04/2013 Added reference to Form 3: Application for Approved Person Status
        MAE-5.3 04/2013 Expanded the scope of this Section to include all approved persons occupying controlled functions and the various related Rules and Guidance.
        MAE-1.9 04/2014 Clarified Rules and guidance on annual license fees.
        Module MAE 04/2016 Various minor corrections to clarify language and link defined terms to glossary.
        MAE-A.1.7 04/2016 Legal basis updated to reflect Resolution No (23) of 2015.
        MAE-2.1.1 and MAE-2.1.1A 04/2016 Added requirements dealing with shareholders' meetings.
        MAE-5.3 04/2016 Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons.
        MAE-5.3.2A 04/2016 New Paragraph added to ensure segregation of responsibilities in licensees' staffing arrangements.
        MAE-B.2 07/2016 Section deleted and moved to Glossary.
        MAE-1.8.4 07/2016 Corrected cross reference.
        MAE-1.8.6, MAE-4.3.3, MAE-5.4.5, MAE-5.4.7, MAE-6.1.4, MAE-6.1.8, 07/2016 Changed from Rule to Guidance.
        MAE-1.9.1 07/2016 Deleted legal reference as already included under MAE-A.1.8
        MAE-2.1.1 07/2016 Corrected wording of Subparagraphs.
        MAE-2.3.10 07/2016 Added due date for publication requirement.
        MAE-2.3.11 07/2016 Clarified accounting standards to be used.
        MAE-1.10.2 07/2017 Added Paragraph to clarify the cost of publication.
        MAE-1.10.3 07/2017 Added Paragraph on means of publication.
        MAE-A.1.4A 10/2017 Added a new Paragraph on Crowd funding platform operators.
        MAE-A.4.3 10/2017 Amended Paragraph to include crowdfunding platform operator.
        MAE-B.1.3 10/2017 Added a new Paragraph.
        MAE-2-11 10/2017 Added a new Section to Introduce new rules for licensed equity crowdfunding platform operators.
        MAE-2-12 10/2017 Added a new Section on new rules for licensed equity crowdfunding platform operators.
        MAE-5.3.7B 04/2018 Amended Paragraph.
        MAE-2.11.17 10/2018 Amended Paragraph to further clarify the scope of exemption.
        MAE-A.3.9 01/2019 Added a new Paragraph on market making.
        MAE-2.11.19 01/2019 Deleted Paragraph.
        MAE-2.11.29A 01/2019 Added a new Paragraph on Cooling-off Period for the Crowd Funding.
        MAE-2.12.3 01/2019 Amended Paragraph.
        MAE-4.6 01/2019 Added a new Section on registration of market makers.
        MAE-1.10.1 10/2019 Amended Paragraph and changed from Rule to Guidance.
        MAE-2.1.1A 10/2020 Added a new Paragraph on Provision of Financial Services on a Non-discriminatory Basis.
        MAE-A.1.4A 04/2022 Deleted Paragraph.
        MAE-A.4.3 04/2022 Deleted Paragraph.
        MAE-B.1.3 04/2022 Deleted Paragraph.
        MAE-2.11 & MAE-2.12 04/2022 Deleted Sections and replaced with Module CFP requirements in Volume 5 Ancillary Service Providers.

    • Superseded Requirements

      • MAE-A.2.3

        This Module supersedes the following provisions contained in Circulars, or any other regulatory instruments:

        Circular/Other Ref. Provisions Subject
        MOU between CBB and BSE All Supervision of BSE
        BSE Internal Regulation Article 5(4) Registration of Brokers and Market Makers and Listing of Companies. Article 5(4) will be superseded only in so far as the board acts not " in accordance with a resolution to be issued by the Minister", but rather "in accordance with the requirements of Module MAE".
          Article 5(16) Determination of Brokers' Commission
        BSE may determine its own fees and commissions, but this will be done by The Board and not through the Minister, and shall be included in the rules of the BSE to be approved by the CBB in terms of this Module.
          Articles 46 & 49 Final accounts and auditing. The first sentence of Article 46 and the whole of Article 49 is superseded by MAE-2.3