Chapter Two: Licensing
Fed Law 14/2018 Issued on 1/10/2018- Section One: Licensed Financial Activities
- Section Two: Licensing of Financial Institutions
- Article (67) Application for Licensing
- Article (68) Compliance with Scope of the License
- Article (69) Deciding on Licensing Application or Extension of License Scope
- Article (70) Imposing Conditions and Restrictions on a License
- Article (71) Suspension, Withdrawal, or Revocation of License
- Article (72) Use of Term “Bank” or “Masraf”
- Article (73) Entry to the Register
- Article (74) Legal Form
- Article (75) Minimum Capital Requirements
- Article (76) Shareholding & Ownership in Licensed Financial Institutions
- Article (77) Amendment of the Memorandum & Articles of Association
- Section Three: Provisions for Islamic Licensed Financial Institutions
- Section Four: Provisions Relating to Undertaking Designated Functions Subject to Central Bank Authorization
- Article (83) Designated Functions
- Article (84) Application for Authorization to Undertake Designated Functions
- Article (85) Deciding on of Application for Authorization to Undertake or Add other Designated Functions
- Article (86) Imposing Conditions and Restrictions to an Authorization to Undertake Designated Functions
- Article (87) Suspension, Withdrawal, or Revocation of Authorization to Undertake Designated Functions
- Article (88) Prohibition of Undertaking Designated Functions at Licensed Financial Institutions
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