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  • Suspension and Cancellation of Registration

    • MAE-4.6.20

      A licensed exchange or licensed market operator must restrict or suspend activities of market maker or cancel its registration where the market maker;

      (a) Is found involved in activities that are not commensurate with the responsibilities assigned to the market maker or are detrimental to the interest of markets and investors;
      (b) Fails to perform its duties in accordance with the applicable rules and regulations of the licensed exchange or licensed market operator; and
      (c) Fails to comply with any of the eligibility criteria and/or the conditions set out at the time of registration;
      Added: January 2019

    • MAE-4.6.21

      Where the CBB is satisfied that a market maker has contravened the CBB Law, rules and regulations, the CBB may if it thinks it is necessary in the interest of the markets or for the protection of investors, by notice in writing direct the licensed exchange or licensed market operator to restrict, suspend or cancel the registration of the market maker.

      Added: January 2019

    • MAE-4.6.22

      A licensed exchange or licensed market operator must disseminate to the markets as soon as possible the information relating to imposition of restriction, suspension or cancellation of registration on a market maker.

      Added: January 2019