1) Any juridical person may, in accordance with the regulations issued by the Board of Directors, submit to the Central Bank an application for licensing a Financial Infrastructure System, or extension of the scope of a previously issued license.

2) The Board of Directors shall issue the rules, regulations, standards and conditions relating to licensing a Financial Infrastructure System, including:

1. a. Fit and proper criteria;
2. b. The resources required for the system
3. c. Control and monitoring systems

3) The Board of Directors may, at its own discretion and as it deems appropriate to safeguarding public interest, add any requirements or conditions to be fulfilled by the applicant.