MAE-1.6.1

The CBB may license a person as a licensed exchange or licensed market operator if:

(a) The CBB is satisfied that the establishment of a market or exchange to be operated by a person will;
(i) Develop the financial sector and enhance confidence therein; and
(ii) Protect the interests of investors in the market and exchanges and enhance the Kingdom's credibility as an international financial centre; and
(b) The CBB is satisfied that the person, having applied to be a licensed exchange or licensed market operator under this Module, is able to comply with the obligations or requirements imposed on licensed exchanges or licensed market operators.
Amended: April 2013