1. Banks and companies or establishments in respect of which a resolution is issued by the competent authority, pursuant to the legislation in force in the State, shall, after coordinating with the Minister of Economy, retain for the period mentioned in Article (29) above a copy of its business entries, commercial books and accounts via modern means of technology, instead of retaining the original books, documents, correspondence, telegrams and other papers related to their financial and commercial activities. 2. Copies and business entries, accounts and data set out therein and the ones saved via modern means of technology, as set out in this Article, shall have the same probative force as the same ones saved in a hard copy form, as long as they fulfill the technological controls set by the relevant authorities, which shall be applied by such banks, companies and establishments.
Interpretation and application must be checked against the official text and current version.
