For the purposes of this Regulation, the relevant Central Bank’s decisions that may be subject to appeal before the Grievances & Appeals Committee include: -
1.1. licensing and designation of LVPS;
1.2. revocation or cancellation or suspension of a License and designation of LVPS; and
1.3. any Central Bank’s actions undertaken against a violating Person.
Under the Regulation, any Person aggrieved by any of the decisions set out in paragraph 1 of this Article may refer the decision to the Grievances & Appeals Committee in writing for review.
Any Person who intends to refer any of the relevant decisions of the Central Bank to the Grievances & Appeals Committee is required to do so in writing to the Central Bank stating the grounds on which the review is sought, as per the committee charter.
Book traversal links for Article (11): Appeal Mechanism