1. The Central Bank may decide to add conditions or restrictions to an authorization to undertake Designated Functions. 2. The Central Bank may, before issuing the decision referred to in item (1) of this article, request the concerned Licensed Financial Institution to provide its comments on the grounds of the decision, within such period as it specifies. 3. The concerned Licensed Financial Institution shall be notified, officially, of the decision within a period not exceeding twenty (20) working days from date of its issue. Such notice shall include the following: a. Content of the decision. b. Reasons for the decision. c. Effective date of the decision. d. A statement advising the Licensed Financial Institution of its right to submit a grievance against the decision by applying to the Grievances and Appeals Committee, in accordance with the provisions of this decree-law.
Interpretation and application must be checked against the official text and current version.