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  • MAE-2.4 MAE-2.4 Obligation to Submit Periodic Reports

    • MAE-2.4.1

      A licensed exchange or licensed market operator shall submit to the CBB:

      (a) Within 3 months after the end of its financial year or such longer period as the CBB may permit, a copy of its:
      (i) Annual report and directors' report; and
      (ii) Auditor's report;
      (b) Within 45 days after the end of each of the first 3 quarters of its financial year or such longer period as the CBB may permit, or the preceding quarter, in such form as may be approved by the CBB, a copy of its:
      (i) Profit and loss accounts; and
      (ii) Balance sheet;
      (c) Within 3 months after the end of its financial year or such longer period as the CBB may permit, a report on how the licensed exchange or licensed market operator has discharged its responsibilities under the CBB Law and these Rules during that financial year;
      (d) Within 3 months after the end of its financial year or such longer period as the CBB may permit, a copy of the balance sheet of any fidelity fund of the licensed exchange prepared in such form as may be approved by the CBB;
      (e) The following reports relating to the business of the licensed exchange or licensed market operator:
      (i) Prescribed monthly statistics in Form 5 within 10 business days from the end of the month;
      (ii) Prescribed quarterly statistics in Form 6 within 10 business days from the end of each quarter; and
      (iii) Where the licensed exchange is operating a futures market, Form 7 within 10 business days from the end of each month;
      (f) Such other report as the CBB may require for the proper administration of this Module, at such time or on such periodic basis as may be required by the CBB.
      Amended: April 2013

    • MAE-2.4.2

      The auditor's report referred to in Paragraph MAE-2.4.1 (a)1 shall unless otherwise provided to the CBB by way of a management letter, include the findings and recommendations of the auditors, if any, on the internal controls of the licensed exchange or licensed market operator; and

      (a) Any provision of this Module;
      (b) Any direction issued by the CBB under this Module; or
      (c) Any other relevant laws or regulations.
      Amended: April 2013

    • IIS Reporting Requirements

      • MAE-2.4.3

        A licensed exchange or licensed market operator is required to complete online non-financial information related to its institution by accessing the CBB's institutional information system (IIS). Licensees must update the required information at least on a quarterly basis or when a significant change occurs in the non-financial information included in the IIS. If no information has changed during the quarter, the licensee must still access the IIS quarterly and confirm the information contained in the IIS. Licensees must ensure that they access the IIS within 20 calendar days from the end of the related quarter and either confirm or update the information contained in the IIS.

        Added: April 2013

      • MAE-2.4.4

        Licensees failing to comply with the requirements of Paragraph MAE-2.4.3 or reporting inaccurate information are subject to financial penalties or other enforcement actions.

        Added: April 2013