prior to the registration of the security, and failing to adequately monitor and maintain the collateral for the bonds. SEC Act S.46 Settlement Committee Meeting No. 10/2025 Settlement Committee

collateral. Furthermore, BAY failed to monitor and oversee the collateral while it was under its care. Such actions constitute a violation of Section 300 in conjunction with Section 46, which is subject to

on October 31, 2016. SEC Act S.246 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 8/2017 Dated 18/01/2017

Act S.246 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 9/2017 Dated 18/01/2017

submit the annual registration statement for the year 2015 (Form 56-1) within the specified period. SEC Act S.300 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 2/2017 Dated 18

submit the annual report for the year 2015 (Form 56-2) within the specified period. SEC Act S.300 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 2/2017 Dated 18/01/2017

failure to prepare and submit the reviewed financial statements for Q1/2016 within the specified period. SEC Act S.300 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 4/2017

failure to prepare and submit the reviewed financial statements for Q2/2016 within the specified period. SEC Act S.300 Settlement Committee Meeting No. 1/2017 Settlement Committee Order No. 4/2017

the SET and the SEC Office on May 30, 2016. SEC Act S.56 and 199 Settlement Committee Meeting No. 2/2017 Settlement Committee Order No. 16/2017 Dated 21/02/2017

SET and the SEC Office on May 23, 2016 and May 24, 2016 SEC Act S.56 and 199 Settlement Committee Meeting No. 2/2017 Settlement Committee Order No. 16/2017 Dated 21/02/2017