Applicants issued new licenses by the CBB must start operations within 6 months of the license being issued, as per Article 48 (c) of the CBB Law. Failure to comply with this rule lead to enforcement action being taken against the licensee concerned, as specified in Article 128 of the CBB Law. Islamic bank licensee must at all times keep an approved copy of the licence displayed in a visible place on the Licensee’s premises in the Kingdom, as per Article 47 (b) of the CBB Law.