1. The Central Bank may prohibit Licensed Financial Institutions from conducting all or some of the following: a. Dealing in specific assets, investments, or monetary and financial instruments. b. Closing deals or conduct specific operations or commercial transactions. c. Dealing with specific Persons. 2. The Board of Directors may issue rules, regulations and standards relating to the operations referred to in item (1) of this article, and take necessary measures and actions it deems appropriate. 3. The concerned Licensed Financial Institution shall be notified, officially, of Central Bank’s decision within a period not exceeding twenty (20) working days from date of its issue. The notice shall include the following information: a. Content of the decision. b. Reasons for the decision. c. Effective date of the decision. d. A statement notifying 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.