(a) The size and structure, or proposed size and structure, of the regulated activities to be undertaken by the applicant;

(b) The nature of the regulated activities undertaking, or to be undertaken, by the applicant;

(c) The nature of the securities, futures contracts, products or instruments that the applicant will be involved in;

(d) The nature of the investors, clients or participants, or proposed investors, clients or participants, who may use regulated activities or services undertaken by the applicant;

(e) Whether the applicant has been licensed by the CBB or any other regulator;

(f) That the rules and by-laws of an applicant are in conformity with such conditions as may be prescribed with a view to ensure fair conduct of business and to protect investors;

(g) That the applicant is willing to comply with any other conditions which the CBB, having regard to the nature of the securities, futures contracts, products or instruments dealt with by it, may impose;

(h) The proposed securities businesses or services comply with up-to-date securities industry standards;

(i) The persons who may be affected in the event that the applicant runs into difficulties;

(j) Where the head office or principal place of business of the applicant is outside Bahrain, whether the applicant in the country or territory in which the head office or principal place of business of the applicant is situated, is subject to requirements and supervision comparable to those in the Kingdom of Bahrain;

(k) The interests of the public;

(l) Any other circumstances that the CBB may consider relevant;

(m) Whether the applicant is satisfied or will satisfy the SRO's (licensed exchange and/or clearing house) business rules and related requirements.