1. The Authority or any party authorized thereby shall have the authority to obligate any Person seeking to obtain a license, approval, or registration to furnish a guarantee or insurance coverage in accordance with the conditions and procedures specified for each Financial Activity. 2. The Authority, or any other entity designated thereby, shall have the right to dispose of such guarantee, in whole or in part, to satisfy the obligations of the Licensed Person arising from the exercise of its Financial Activity, to settle any fines imposed thereon, or in implementation of the decisions issued by the Authority. 3. No third party may request attachment or execution over the guarantee provided by the Licensed Person, nor request its liquidation or otherwise dispose thereof, except upon the revocation of the license, approval, provided that all its obligations under the provisions of this Decree by Law and the Relevant Legislation have been fulfilled and subject to the Authority’s prior approval.
Interpretation and application must be checked against the official text and current version.