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MAE-2.1.3

The CBB may, at any time after receiving a notification referred to in Paragraph MAE-2.1.2 and after providing the licensed exchange and licensed market operator an opportunity to be heard, issue directions to the licensed exchange or licensed market operator:

(a) Where the notification relates to a matter referred to in Subparagraph MAE-2.1.1 (b):
(i) To cease carrying on the first-mentioned business referred to in Subparagraph MAE-2.1.1 (b); or
(ii) To carry on the first-mentioned business referred to in Subparagraph MAE-2.1.1 (b) subject to such conditions or restrictions as the CBB may impose; or
(b) Where the notification relates to a matter referred to in Subparagraph MAE-2.1.1 (c):
(i) To dispose of the shareholding referred to in Subparagraph MAE-2.1.1 (c); or
(ii) To exercise its rights relating to such shareholding subject to such conditions or restrictions as the CBB may impose, and the licensed exchange or licensed market operator shall comply with such directions.
Amended: April 2016
Amended: April 2013