MAE-A.4.1

Past version: Effective from 01 Oct 2008 to 31 Mar 2016
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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 transparancy in the enforcement of the laws, rules and regulations; and
(d) To minimise the regulatory cost.