6.1.1The Licensed Person must have a Head Office within the UAE where the Manager in Charge and other functional heads must be based to carry out their responsibilities;
6.1.2All files and physical records of the Licensed Person, whether they are related to the incorporation, governance, customers, transactions, accounting, employees, etc., must be available in the Head Office or otherwise accessible during the Central Bank examination;
6.1.3The Central Bank expects the Licensed Person to maintain its Head Office at the same address as mentioned in the main license (or the first license) unless otherwise agreed by the Central Bank in writing;
6.1.4The Head Office must not be located in a free zone or any other place (such as inside an Airport) where the free entry is restricted for the Central Bank Examiners to visit such office at any time to conduct an examination; and
6.1.5The Licensed Person must obtain a Letter of No Objection from the Banking Supervision Department in order to re-locate the Head Office from its approved location to another location.