‘Board of Directors’ shall mean the Board of Directors of the Central Bank.
b)
‘Governor’ shall mean the Governor of the Central Bank.
c)
‘Representative Office’ shall mean the Office which represents a foreign bank or any other foreign financial establishments in the country.
d)
‘Licence’ shall mean the licence issued by the Central Bank, allowing the licensee to conduct the business of representative office.
e)
‘Licensed Financial Establishment’ shall mean the foreign bank or any other foreign financial establishment licensed to open a representative office in the country.
f)
‘Relevant Authority’ shall mean the monetary or supervisory authority in the country where the applicant is incorporated, or in the country in which the applicant maintains a Head Office to conduct the business.
g)
‘Applicant’ shall mean the Head Office of the foreign bank or any other foreign financial institution which wishes to open a representative office in the country.
1.2
The terminology mentioned in Union Law No. (10) of 1980 shall carry the same meanings referred to in that Law, whenever used in this resolution.