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  • OFS-7.3 OFS-7.3 Stop Order for Offering Document

    • OFS-7.3.1

      The following is a non-exclusive list of examples under which the CBB may issue an order under this Section:

      (a) If there exists any statement or matter which, in the opinion of the CBB, is false or misleading;
      (b) Omission of information that should have been included in the offering documents in accordance with this Module;
      (c) There is a change in circumstances of the issuer or conditions;
      (d) If the offering period is fixed or extended to be close to the date of the next declaration of the issuer's financial statements for a period not less than 30 calendar days;
      (e) Receipt of any serious complaint from the subscribers, particularly relating to the availability of the final printed offering document, or the imposition of additional cost or charges which have not been stipulated in the offering document;
      (f) The raising of new litigation or a court order related to the issuer and/or to the offering itself in or outside Bahrain; or
      (g) The withdrawal of any declaration or consent that has been given by any appointed advisor.
      January 2014

    • OFS-7.3.2

      The CBB may, by an order in writing, prevent any further use of a prospectus or offering document or issue, sale or allotment of securities connected to an offer where the issuer or any person acting on its behalf has committed a violation of the CBB Law, CBB rules or this Module. The CBB may in addition, issue such order where it believes such action is in the best interest of investors or the capital market in general.

      January 2014