MIR-3.6.1
Past version: Effective from 15 Dec 2009 to 31 Mar 2013
To view other versions open the versions tab on the right
Where the CBB is satisfied that an
(a) Has wilfully contravened or wilfully caused that member to contravene the CBB Law, rules and regulations;
1. the business rules of an SRO ; or
2. where applicable, the listing rules , trading rules, and clearing, settlement and depository rules of an SRO , as the case may;
(b) Has without reasonable excuse, failed to ensure compliance by the member , or a person associated with that member with:
1. the CBB Law rules and regulations;
2. the business rules of the SRO , or
3. where applicable, the listing rules , trading rules, and clearing, settlement and depository rules of the SRO;
(c) Has failed to discharge the duties or functions of his office or employment;
(d) Is an undischarged bankrupt, whether in Bahrain or elsewhere;
(e) Has been convicted whether in Bahrain or elsewhere, of an offence involving fraud or dishonesty or the conviction for which involved a finding that he had acted fraudulently or dishonestly;
the CBB may if it thinks it is necessary in the interests of the public investors, or a section of the public investors, or for the protection of investors, by notice in writing direct that a
Adopted January 2010