1. No Person may carry on any of the Licensed Financial Activities without obtaining the required license in accordance with the provisions of this decree-law. 2. Licensed Financial Activities shall only be carried on, in or from within the State, by Persons licensed in accordance with the provisions of this decree-law, and the decisions and regulations issued in implementation thereof. 3. Promotion of any of the Licensed Financial Activities and financial products shall only be carried on in or from the State, in accordance with the provisions of this decree-law, and the rules and regulations issued in implementation thereof. The promotion referred to in this item shall mean any form of communication, by any means, aimed at inviting or offering to enter into any transaction, or offering to conclude any agreement related to any of the Licensed Financial Activities. 4. The Board of Directors may issue the regulations, rules, standards and directives relating to the prohibition to carry on Licensed Financial Activities without prior licensing and to the prohibition to promote Licensed Financial Activities and financial products, and shall take all necessary measures and actions in this regard. 5. The Board of Directors may exempt any activities or practices, or exempt any Person, either generally or in particular, from the prohibition to carry on or promote Licensed Financial Activities. 6. A Licensed Financial Institution shall carry on its business within the scope of the license granted to such institution. 7. No Person shall present themselves as a Licensed Financial Institution if they are not.
Interpretation and application must be checked against the official text and current version.