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Article (3): Role & Responsibility of the Board of Directors

C 18/2021 Effective from 15/12/2021
  1. The board of directors and shareholders of a Bank shall ensure that national shareholding is in accordance with the minimum requirement set out in Article 2 of this Regulation and shall take all reasonable measures to achieve compliance with this minimum requirement and the requirements of the Regulation of Significant Shareholder.
     
  2. The board of directors of a Bank shall ensure that voting decisions of a shareholder, or shareholders, at a general assembly meeting comply fully with the Central Bank Law.