MIR-4.2.1
Past version: Effective from 15 Dec 2009 to 31 Mar 2013
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A
(a) Any material change to the information in its application under rule MIR-2.2.10;
(b) The carrying on of any business other than:
1. the business of undertaking a regulated activity ;
2. a business incidental to undertaking a regulated activity ;
(c) The acquisition of a substantial shareholding in a corporation which does not carry on:
1. the business of undertaking a regulated activity, whether in Bahrain or elsewhere;
2. a business incidental to undertaking a regulated activity , whether in Bahrain or elsewhere;
3. such business or class of businesses as the CBB may allow;
(d) Become aware of a financial irregularity or other matter which in its opinion:
1. may affect its ability to discharge its financial obligations towards its clients ; or
2. may affect the ability to meet its financial obligations to an SRO , as the case may be;
3. may affect its ability to meet the minimum working capital requirement;
(e) Reprimands, suspends, dismisses or otherwise takes disciplinary action against any persons performing controlled functions or where such persons are subject to an order or petition of bankruptcy or criminal prosecution;
(f) Any civil or criminal legal proceeding taken against the member or any person performing a controlled function, whether in Bahrain or elsewhere;
(g) Any disciplinary action against the member or any person performing a controlled function taken by any regulatory body, whether in Bahrain or elsewhere, other than the CBB;
(h) Any significant change to the regulatory requirements imposed by any regulatory body other than the CBB, whether in Bahrain or elsewhere;
(i) Any arrangements or involvement related to take-overs, mergers or acquisitions;
(j) Involvement or possible involvement of any of its clients in insider transactions or dealings;
(k) Failure of any of its clients to comply with the disclosure standards requirements and disseminating the ownership rules in particular;
(l) A failure to adhere to the trading days, hours or sessions and settlement period of an SRO , as the case may be;
(m) Any other matter that is required to be notified, that the CBB or SRO may specify by notice in writing.
Adopted January 2010