Article 57

Persons who, on the date of enforcement of the provisions of this Chapter, were authorized by the Ministry of Finance to engage in banking operations or to act as agents or representatives of foreign financial or investment interest, shall be considered, as of that date and for the subsequent twelve months, to be licensed to engage in such operations. However, in case such firms, agents or representatives wish to continue to perform these operations after the expiration of the twelve months period, each must, in the course of the period referred to above, file with the Agency an application for a license to do so. If the Agency is satisfied that the application fulfils all the conditions laid down in this Law, it shall grant him the license to continue to perform these operations.