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Article (6): Central Bank Powers

C 18/2021 Effective from 15/12/2021
  1. The Central Bank may take all measures it deems appropriate to maintain conduct of operations of Banks, within the frameworks and limits set by the Board of Directors of the Central Bank.
     
  2. The Central Bank may:

    a. Request to hold a meeting of a general assembly of the Bank to discuss any issue the Central Bank deems important.

    b. Request to include any item that the Central Bank deems necessary into the agenda of a general assembly meeting of the Bank.

    c. Stop the implementation of any decision issued by a general assembly of the Bank in the event that it violates the laws or regulations in force.