The Central Bank may: 1. Take all necessary measures to maintain the conduct of operations of Licensed Financial Institutions, within the frameworks and controls it deems appropriate. For this purpose, the Central Bank shall have the power to: a. Request the convening of a general assembly of Licensed Financial Institutions to discuss any matter the Central Bank considers significant; b. Require the deletion or inclusion of any agenda item it deems necessary in the general assembly meetings of Licensed Financial Institutions; c. Suspend the implementation of any resolution passed by the general assembly of the Licensed Financial Institution in the event that it violates the laws and regulations in force; and d. Invalidating voting processes or any decision resulting from the general assembly; if such vote was conducted in violation of the provisions of this decree-law or any regulations issued by the Central Bank, or results in decisions that conflict with the Central Bank's regulatory requirements. 2. Provide, if it deems such action is necessary to safeguard the stability of the monetary and financial systems in the State, special loans or advances to Licensed Financial Institutions, on such terms and conditions as it deems appropriate, in cases of necessity during extreme economic circumstances or during which the concerned counterparty is exposed to liquidity pressures or is subject to resolution procedures by the Central Bank. 3. Discharge the function of “market maker” of last resort through open market operations, if deemed necessary to safeguard the stability of money and capital markets in the State, adopting a broader scope across a wide range of financial instruments, including outright purchases and sales of non-marketable and illiquid securities or acceptance of such securities as collateral in repurchase agreements, and in collateralized loans or advances. Such open market operations shall be conducted by the Central Bank within the limits applicable to the framework of its monetary operations.
Interpretation and application must be checked against the official text and current version.