• MIE-2.4 MIE-2.4 Investigation Report

    • MIE-2.4.1

      The investigator appointed by the CBB to conduct an investigation 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 the investigator shall submit an interim report pending completion of investigations if he considers necessary in the interest of investors and the securities 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 the investigation 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 formal investigations, or before receipt of a final investigation 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