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Objective

C 18/2021 Effective from 15/12/2021

The objective of this Regulation is to ensure that national shareholding remains in compliance with the Central Bank Law at all times. Banks must take all reasonable measures to ensure compliance with the minimum national shareholding requirement as determined by the Board of Directors of the Central Bank. The measures referred to in article 3.1 of this Regulation, encompass at a minimum (if and when applicable) that Banks schedule the matter for a general assembly meeting and/or make necessary amendments in their Articles of Association, and/or provide a reasoned voting advice.