1. Licensed Financial Institutions shall seek prior approval from the Central Bank for amendments they wish to incorporate to their memorandum or articles of association. 2. The Central Bank shall decide on the request referred to in item (1) of this article within a period of fifteen (15) working days from the date of its submission. Should the Central Bank decided to reject the request to enter the amendments, and the applicant objects to that, the matter shall be presented to the Board of Directors whose decision in that respect shall be final.
Interpretation and application must be checked against the official text and current version.