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MAE-A.4.1

A clear division of responsibilities between CBB as the regulator and the licensed exchanges or the licensed market operators as a self regulatory organisation (SRO) is required:

(a) To maximise the regulatory effectiveness;
(b) To permit flexibility to the licensed exchanges or the licensed market operators in their functioning;
(c) To achieve greater efficiency and transparency in the enforcement of the laws, rules and regulations; and
(d) To minimise the regulatory cost.
Amended: April 2016