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Article (7) Prohibitions

A representative office operating in the country is prohibited from conducting any business activities other than those mentioned in Article (6) above, particularly the following:
 
a)
 
Accepting deposits in any form whatsoever;
 
b)
 
Opening accounts of any kind to clients;
 
c)
 
Extending loans or advances to any party whatsoever;
 
d)
 
Performing and/or participating in any other normal banking operations, such as issuing Letters of Guarantee, opening Letters of Credit, etc.
 
e)
 
Dealing in foreign currencies, securities and metals.