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Article 91

Every banking firm that intends to suspend its operations in the State of Bahrain, shall give the Agency prior notice to this effect. The notice period shall not be less than six months. The Agency may, however, agree to reduce the prescribed notice period if it is satisfied that the rights of depositors are safeguarded. The Agency must make sure that the banking firm wishing to suspend its operations discharges all its obligations to depositors and other creditors. This shall be ascertained in accordance with the rules and measures to be determined by the Agency In this respect.