MIE-2.4 MIE-2.4 Investigation Report
MIE-2.4.1
The
investigator appointed by the CBB to conduct aninvestigation shall, on completion of the investigation, after taking into account all relevant findings, conclusions, facts and evidence, submit a report to the CBB, provided that theinvestigator shall submit an interim report pending completion ofinvestigations if he considers necessary in the interest of investors and thesecurities market, or as directed by the CBB.MIE-2.4.2
The investigation report shall be submitted to the
CMSD .MIE-2.4.3
The
CMSD may, after considering theinvestigation report and the facts and evidence of the case and if satisfied that there is contravention of the CBB Law, rules and regulations, or any other applicable laws, rules and regulations, decide to initiate appropriate enforcement actions. This is without prejudice to the powers of the CBB to take interim and other enforcement actions before conducting formalinvestigations , or before receipt of a finalinvestigation report.MIE-2.4.4
Apart from initiating appropriate enforcement actions referred to in paragraph MIE-2.4.3, the
CMSD may make referrals to SROs or other regulators and authorities in the Kingdom of Bahrain, as well as to the overseas regulators and authorities, particularly in respect of contraventions which can be addressed by such other domestic or overseas regulators/authorities.Amended: July 2021