MAE-4.3 MAE-4.3 Suspension of Securities
MAE-4.3.1
Where the CBB is of the opinion that it is necessary to prohibit trading in particular
securities or contracts listed or traded on alicensed exchange orlicensed market operator , as the case may be;(a) In order to protectpersons buying or selling thesecurities or contracts; or(b) In the interests of the public;the CBB may give notice in writing to the
licensed exchange orlicensed market operator stating that it is of that opinion and setting out the reasons for its opinion.MAE-4.3.2
If after the receipt of the notice given under Paragraph MAE-4.3.1, the
licensed exchange orlicensed market operator fails to take any action in relation to thosesecurities or contracts on thatmarket and the CBB continues to be of the opinion that it is necessary to prohibit trading in thosesecurities or contracts on thatmarket , the CBB may by notice in writing to thelicensed exchange orlicensed market operator , prohibit trading in thosesecurities or contracts on thatmarket for such period, as is specified in the notice.MAE-4.3.3
Where the CBB gives a notice to a
licensed exchange orlicensed market operator under Paragraph MAE-4.3.2, the CBB shall:(a) At the same time send a copy of the notice to the issuer of such security orparticipant , as the case may be; and(b) As soon as practicable, furnish to thelicensed exchange orlicensed market operator a written report setting out the reasons for giving the notice.Amended: July 2016