MIR-A.2.5
Past version: Effective from 01 Oct 2019 to 31 Mar 2020
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A list of recent changes made to this Module is undertaken below:
| Module Ref. | Change Date | Description of Changes |
| MIR-B.2.7, MIR-B.2.8A, MIR-B.2.17A, MIR-B.2.20A | 04/2013 | Amended and added definitions. |
| MIR-2.1.1 | 04/2013 | Clarified licensing requirements. |
| MIR-2.1.2 | 04/2013 | Clarified Subparagraph (d). |
| MIR-2.1.4A to MIR-2.1.4C | 04/2013 | References added to requirements under Resolution No.(16) for the year 2012. |
| MIR-2.1.5 | 04/2013 | Removed reference to conventional bank as Islamic banks are also covered since reference is made to Volumes 1 and 2. |
| MIR-2.2.4 | 04/2013 | Deleted dealers and exempt members from licensing categories. |
| MIR-2.2.4A | 04/2013 | Included external and proprietary membership conditions. |
| MIR-2.2.5 | 04/2013 | Deleted reference to 'dealer' as discount brokers are not able to trade through dealers. |
| MIR-2.2.7 | 04/2013 | Deleted licensing conditions of dealers. |
| MIR-2.2.8A and MIR-2.2.8B | 04/2013 | Included specific external membership requirements. |
| MIR-2.2.8C | 04/2013 | Included the proprietary membership requirements. |
| MIR-2.2.9 | 04/2013 | Clarified general status of clearing member. |
| MIR-2.2.11 | 04/2013 | Updated name change to Form 3. |
| MIR-2.2.11A and MIR-2.2.11B | 04/2013 | New criteria for external members. CBB to retain market conduct supervision powers. |
| MIR-2.2.12 | 04/2013 | Included specific reference to licensing. |
| MIR-2.2.12A | 04/2013 | Included general requirements for licensing as requirements for authorisation by the exchange. |
| MIR-2.2.12B | 04/2013 | Included provision for licensing amendment. |
| MIR-2.3 and MIR-2.4 | 04/2013 | These Sections were deleted as exempted member was deleted as a licensing category. |
| MIR-2.8.1 and MIR-2.8.1A | 04/2013 | Provided details of annual fees due to the CBB. |
| MIR-2.10.1 | 04/2013 | Included specific Rules for place of business. |
| MIR-3.1.6 to MIR-3.1.8 | 04/2013 | Moved reference from Section MIR-4.17 on compliance officer and added reporting from compliance officer to the CBB. |
| MIR-3.2.2 | 04/2013 | Added new residency requirements. |
| MIR-3.4.2 | 04/2013 | Added reference to Form 3: Application for Approved Person Status. |
| MIR-4.7.7 | 04/2013 | Included market maker agreement content. |
| MIR-4.7.7A | 04/2013 | Included criteria to be a market maker. |
| MIR-4.9.3 and MIR-4.9.4 | 04/2013 | Added reference to report institutional information (IIS) to the CBB. |
| MIR-4.12.4(i) | 04/2013 | Added regulatory disclosure as exception from maintaining confidentiality. |
| MIR-4.17 | 04/2013 | This Section was deleted and requirements moved to Paragraphs MIR-3.1.6 and MIR-3.1.7. |
| MIR-2.8 | 04/2014 | Clarified Rules and guidance on annual license fees. |
| MIR-2.5.4, MIR-2.5.5, MIR-3.1.3 and MIR-4.8.9 | 07/2014 | Removed reference to exempted member as this category was deleted as a licensing category in April 2013. |
| MIR-3.1.3 | 07/2014 | Corrected reference to non-existent Subparagraph. |
| MIR-4.8.2 | 07/2014 | Correction made to align with the requirements of the CBB Law. |
| MIR-1.1.7 | 04/2016 | Legal basis updated to reflect Resolution No (23) of 2015. |
| MIR-3.1, MIR-3.3 and MIR-3.4 | 04/2016 | Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons. |
| MIR-3.1.3 | 04/2016 | Clarified that controlled function (d) Head of function cannot be combined with other functions. |
| MIR-3.4.1 and MIR-3.4.2 | 04/2016 | Paragraph MIR-3.4.1 was deleted and clarification was made to Paragraph MIR-3.4.2 that approval for controlled functions referred to under Paragraph MIR-3.1.2, must be made by submitting Form 3. |
| MIR-A.4.3(d) | 07/2016 | Included reference to classification of SRO members and membership requirements. |
| MIR-B.1.2 | 07/2016 | Added reference to authorisation for external trading member and proprietary trading member in scope. |
| MIR-B.2 | 07/2016 | Section deleted and contents moved to Glossary. |
| MIR-1.1.2 | 07/2016 | Corrected reference to licensee. |
| MIR-1.1.3 | 07/2016 | Corrected wording |
| MIR-1.1.8, MIR-1.1.9 and MIR-1.1.10 | 07/2016 | Legal basis updated to reflect Resolution No (59) of 2011, Resolution No (30) of 2015 and Resolution No (1) of 2016. |
| MIR-2.1.6 | 07/2016 | Typographical error corrected. |
| MIR-2.1.7 | 07/2016 | Amended to make reference to categories in MIR-2.2.4 |
| MIR-2.2.4 | 07/2016 | Included authorised external trading member and authorised proprietary trading member as separate categories. |
| MIR-2.2.4A | 07/2016 | Added cross reference. |
| MIR-2.2.8A | 07/2016 | Deleted reference to dealer. Revised from licensed to authorised. |
| MIR-2.2.8B and MIR-2.2.8C | 07/2016 | Revised from requirement to obtain license to authorisation. |
| MIR-2.2.10, MIR-2.2.11A, MIR-3.6.1(a) | 07/2016 | Typographical errors corrected. |
| MIR-2.8 | 07/2016 | Amended to be in line with Resolution No. (1) of 2016 on annual licensing fees. |
| MIR-3.1and MIR-3.3.1A(g) | 07/2016 | Amended to be in line Modules MAE and CSD. |
| MIR-3.4.8 and MIR-3.4.11 | 07/2016 | Deleted Paragraph MIR-3.4.8 and included under Paragraph MIR-3.4.11. |
| MIR-4.1.1 | 07/2016 | Introduced rules on invitation and attendance at AGM and EGM by CBB representative. |
| MIR-4.2.3 | 07/2016 | Clarified deadline. |
| MIR-4.3.3 | 07/2016 | Deleted reference to exempt member. |
| MIR-4.8.10 | 07/2016 | Added due date for publication requirement. |
| MIR-4.8.11 | 07/2016 | Clarified accounting standards to be used. |
| MIR-2.9.2 | 07/2017 | Added Paragraph to clarify the cost of publication. |
| MIR-2.9.3 | 07/2017 | Added Paragraph on means of publication. |
| MIR-4.7.23 | 01/2018 | Amended Paragraph. |
| MIR-4.7.23A | 01/2018 | Added new guidance paragraph. |
| MIR-A.3.2 | 01/2019 | Added a new Paragraph on market makers. |
| MIR-4.7.7(c)(iii) and MIR-4.7.7A | 01/2019 | Deleted client disclosure requirement and criteria to be a market maker. |
| MIR-4.19 | 01/2019 | Added a new Section on market making for liquidity enhancement. |
| MIR-2.9.1 | 10/2019 | Amended Paragraph and changed from Rule to Guidance. |