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Article (22) License Restrictions

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