1. In the event of a Settlement and Resolution or Liquidation of a Licensed Person designated as of Systemic Importance pursuant to the provisions of Article (52) of this Decree by Law, the Announcement shall be published in both Arabic and English in two daily newspapers, or by such means as may be determined by the Authority, within a period not less than (3) three working days from the date of the Resolution, and the Announcement shall, inter alia, include the following: a. Granting a period of not less than three (3) months from the date of publication to enable the clients of the Licensed Person to take the necessary measures to preserve their rights. b. The name of the entity entrusted with the Settlement and Resolution, the means of communication therewith, and its duties, or the appointed liquidator and their duties. 2. In the event that the Settlement and Resolution or Liquidation occurs as a result of the Licensed Person being struck off the Register of Licensed Persons, the Board, or its duly authorized delegate, shall determine, in the striking-off decision, the date of closure of the Licensed Person and the entity entrusted with the Settlement and Resolution or Liquidation of any operations pending as at such date.
Interpretation and application must be checked against the official text and current version.