(a) The Agency may, according to the requirements of the financial and economic activity in the State, specify the purposes for which credit may be granted, as well as the total maximum limits of such credit, the maximum amount that cannot be exceeded without prior approval from the Agency, the maximum period of maturity, the minimum financial security and the minimum cash guarantee, to be required by the banking firm from its customer. The Agency's decisions in this respect shall be sent to the head office of each banking firm.

(b) Any banking firm acting in contravention of the Agency's decisions issued within the purview of the preceding paragraph, shall be under obligation to pay to the Agency for each offence a fine to be determined by the Agency's Board of Directors, provided that such fine shall not exceed a thousand dinars for each offence for every day during which the offence persists.