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Article (10) Name of Representative Office

10.1
 
The Central Bank shall have the right to object to the name under which the licensed representative office operates, if the licensed financial establishment underwent fundamental changes in its Articles of Association and in the nature of its business; the Central Bank may as well object to the name as a result of new information indicating that the used name is causing ambiguity, misguidance or confusion among the public. In this event, the Central Bank shall have the right to notify the concerned financial establishment in writing of its disapproval of the name that the said establishment uses.
 
10.2
 
Any licensed financial establishment operating in the country is prohibited from using a name that has been objected to by the Central Bank to conduct its business in the country.
 
10.3
 
The commercial name mentioned in the licence under which the representative office of a licensed financial establishment operates cannot be changed without the prior approval, in writing, of the Central Bank.