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Article (16) The Provisions of These Regulations are not Applicable to Merchant and Investment Banks

C 29/2011 Effective from 29/3/2011

The provisions of these Regulations are not applicable to investment banks or merchant banks, nor to finance or investment companies, since these institutions are not authorized to provide personal loans or retail banking services. Moneychangers, however, shall only be subject to the provisions regarding bank transfers and exchange of currency.