MAE-1.11.1

No licensed exchange or licensed market operatormust, without a prior written approval of the CBB:

(a) Open a new place of business in the Kingdom;
(b) Close or change an existing place of business in the Kingdom;
(c) Open a new place of business abroad if the licensed exchange or licensed market operator is not an overseas exchange; and
(d) The CBB may restrict its approval stipulated in MAE-1.6.1, subject to any other conditions, as it may deem necessary.
Amended: April 2016