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OFS-A.2.1

A clear division of responsibilities between the CBB as the securities regulator, the issuer of securities and the licensed exchanges or the licensed market operators as a self-regulatory organisation (SRO) is required:

(a) To maximise the regulatory effectiveness;
(b) To permit flexibility to the licensed exchanges or the licensed market operators in their functioning;
(c) To achieve greater efficiency and transparency in the enforcement of the laws, rules and regulations; and
(d) To minimise the regulatory cost.
January 2014