MAE-1.8.1

The CBB may cancel any license of a person as a licensed exchange or licensed market operator if:

(a) There exists criteria under MAE-1.2 that the licensed exchange or licensed market operator does not meet and on which grounds the CBB would refuse an application;
(b) The licensed exchange or licensed market operator does not commence operating its market or, where it operates more than one market, all of its markets within 6 months from the date on which it was granted the license.
(c) The licensed exchange or licensed market operator ceases to operate its market or, where it operates more than one market, all of its markets.
(d) The licensed exchange or licensed market operator contravenes:
(i) Any condition or restriction applicable in respect of its license;
(ii) Any direction issued to it by the CBB;
(iii) Any provision in this Module; or
(iv) Any other CBB law, rule or regulation;
(e) The licensed exchange or licensed market operator operates in a manner that is in the opinion of the CBB, contrary to the interests of the public or user; and
(f) Any information or document knowingly or willingly provided by the licensed exchange or licensed market operator to the CBB is false or misleading.
Amended: April 2013