MAE-1.4 MAE-1.4 Exemption of Exchanges and Market Operators
MAE-1.4.1
The CBB may:
(a) Exempt anyperson operating anymarket from the requirement under MAE-1.1 to be alicensed exchange or alicensed market operator ;(b) Declare thatperson to be anexempt market operator , 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 thatperson .Amended: April 2016MAE-1.4.2
An application to be exempted from the requirement under MAE-1.2 to be a
licensed exchange or alicensed market operator 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 exchange or alicensed market operator .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 2016MAE-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
person 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 theperson may undertake;(b) Thesecurities orfutures contracts that may be traded on anymarket established or operated by theperson ; and(c) The nature of the investors orparticipants who may use, participate or invest in thesecurities orfutures contracts traded on anymarket established or operated by theperson .Amended: April 2016MAE-1.4.7
The CBB may, at any time, by notice in writing to a
person 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
person exempted under MAE-1.4.3, and such notice may include the conditions or restrictions imposed by the CBB on theperson under MAE-1.4.6 in relation to thesecurities orfutures contracts that may be traded on anymarket established or operated by theperson .Amended: April 2016