MAE-1.6.2

The CBB may have regard to the following matters in determining whether a licensed exchange or licensed market operator has satisfied the criteria referred to in Subparagraphs MAE-1.6.1 (a) or (b):

(a) The size and structure, or proposed size and structure, of the market to be operated by the applicant;
(b) The nature of the services provided, or to be provided, by the market to be operated by the applicant;
(c) The nature of the securities or futures contracts traded, or to be traded, on the market to be operated by the applicant;
(d) The nature of the investors or participants, or proposed investors or participants, who may use or have an interest in the market to be operated by the applicant;
(e) Whether the applicant is regulated by the CBB under this Module or any other law;
(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 dealing and to protect investors;
(g) That the applicant is willing to comply with any other conditions (including conditions as to the number of members) which the CBB, having regard to the the nature of the securities dealt with by it, may impose;
(h) The proposed trading and settlement systems comply with up-to-date industry standards;
(i) The persons who may be affected in the event that the applicant, or the market to be operated by 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; and
(l) Any other circumstances that the CBB may consider relevant.
Amended: April 2016