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Article (8): Revocation of Approval

C 2/2020 Effective from 24/4/2020
  1. Should the Central Bank determine that it had approved a Major Acquisition based on an application containing false, fraudulent, fictitious, or in any other way materially misleading or incorrect information, the Central Bank may withdraw its approval and reject the application, or modify its approval through the imposition of one or more conditions, or require the reversal of the transaction.