MIR-3.6.1
Where the CBB is satisfied that an
(a) Has wilfully contravened or wilfully caused that member to contravene the CBB Law, rules and regulations;
1. The business rules of an SRO ; or
2. Where applicable, the listing rules , trading rules, and clearing, settlement and depository rules of an SRO , as the case may be;
(b) Has without reasonable excuse, failed to ensure compliance by the member , or a person associated with that member with:
1. The CBB Law rules and regulations;
2. The business rules of the SRO , or
3. Where applicable, the listing rules , trading rules, and clearing, settlement and depository rules of the SRO;
(c) Has failed to discharge the duties or functions of his office or employment;
(d) Is an undischarged bankrupt, whether in Bahrain or elsewhere;
(e) Has been convicted whether in Bahrain or elsewhere, of an offence involving fraud or dishonesty or the conviction for which involved a finding that he had acted fraudulently or dishonestly;
the CBB may if it thinks it is necessary in the interests of or for the protection of investors, by notice in writing direct that a
Amended: July 2016
Amended: April 2013
Adopted January 2010
Amended: April 2013
Adopted January 2010