1. Any Person may, in accordance with regulations issued by the Board of Directors, submit to the Central Bank an application for a license to carry on one or more Licensed Financial Activities or addition of one or more Licensed Financial Activities to an issued license. 2. The Board of Directors shall issue regulations, rules, and standards, and determine conditions for granting license to carry on Licensed Financial Activities, including the following: a. Fit and proper criteria. b. Minimum capital requirements. c. Resources required for carrying on the financial activity. d. Control and monitoring systems. 3. The Central Bank may add any requirements or conditions to be fulfilled by the applicant for license, at its own discretion and as it deems appropriate for safeguarding public interest.
Interpretation and application must be checked against the official text and current version.