EN-8.2.2

Past version: Effective from 01 Oct 2007 to 30 Sep 2010
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Although Article 136 of the CBB Law specifies the circumstances in which the Central Bank may pursue an administration, it does not oblige the Central Bank to administer a licensee. Faced with the circumstances described, the Central Bank may pursue other courses of action such as suspension of a license (under Article 131 of the CBB Law), if it considers that these are more likely to achieve the supervisory outcomes sought. Because an administration is likely to send a negative signal to the markets about the status of a licensee, other supervisory actions may in fact be preferable in terms of protecting the interests of those with a claim on the licensee.

Added: October 2007