‹ MAE-1.1 Requirement to be Licensed MAE-1.1.2 › MAE-1.1.1 Past version: Effective from 01 Oct 2008 to 31 Mar 2016 To view other versions open the versions tab on the right No person shall establish or operate a market, or hold himself out as operating a market in or from the Kingdom of Bahrain, unless the person is: (a) A licensed exchange; (b) A licensed market operator; or (c) An exempt exchange or market operator. ‹ MAE-1.1 Requirement to be Licensed MAE-1.1.2 ›