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Article (9): Application of Bank Regulations to Restricted Licence Banks

C 23/2022 Effective from 15/5/2022

9.1 A Restricted Licence Bank must comply with all Regulations issued by the Central Bank that are applicable to Banks. The requirements of the Central Bank’s Minium Capital Banks Regulation4 are not applicable to locally incorporated Restricted Licence Banks, as the minimum capital requirements are established within this Regulation.

 

4 Issued via Central Bank Circular No. 12/2021 on 14/2/2021