Article (22) License Restrictions
C 3/2023 Effective from 29/9/2023 22.1 | A Restricted Licence Finance Company may only carry on the provisions of Short-Term Credit within the criteria set in Article (24) of this Regulation. |
22.2 | A Restricted Licence Finance Company’s activities must be funded exclusively through shareholder’s equity, retained earnings and/or debt instruments. |
22.3 | A Restricted Licence Finance Company is prohibited from accessing funds through Crowdfunding to finance its activities licensed under this Regulation. |
22.4 | A Restricted Licence Finance Company is prohibited from accepting deposits of any type. |
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