3.9.1The Licensed Person may close its licensed premises in case of any unforeseen incidents (example: a fire, system failure, etc.), due to natural disasters or for some specific purposes (examples: to carry out repairs or any maintenance) subject to the following conditions:
a)The Licensed Person must notify the Central Bank of the closure immediately upon closing the licensed premises with reasons thereof;
b)The licensed premises shall not be closed for a period of more than one (1) month; and
c)A notice must be displayed outside the premises stating the reasons for the closure, expected re-opening date, mobile number of the contact person and contact details of the nearest branch of the Licensed Person, if any.
3.9.2The Licensed Person must obtain a Letter of No Objection from the Central Bank to keep the licensed premises closed for a period exceeding one (1) month subject to the following conditions:
a)The maximum period of closure shall not exceed three (3) months;
b)Liabilities towards customers must be cleared prior to the closure;
c)A notice must be displayed outside the premises with the reasons for the closure, expected re-opening date, mobile number of the contact person and contact details of the nearest branch of the Licensed Person, if any.
3.9.3The Licensed Person must discuss with the Central Bank about the status of its licensed premises before the expiry of the previously approved period of temporary closure (i.e. three months); and
3.9.4The Licensed Person must obtain the Letter of No Objection from the Central Bank in order to close a licensed premises permanently.