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6.2 Management Office

N 35/2018 STA
  1. 6.2.1The Licensed Person may open a separate Management Office, after obtaining a Letter of No Objection from the Banking Supervision Department, to be used for the same purposes as mentioned under Paragraphs 6.1.1 and 6.1.2 of this Chapter in case the Head Office does not have sufficient space;
  2. 6.2.2The Licensed Person is not permitted to carry out Exchange Business from its Management Office unless otherwise approved by the Central Bank in writing; and
  3. 6.2.3Conditions under Paragraphs 6.1.4 and 6.1.5 of this Chapter are also applicable to the Management Office of a Licensed Person.