LR-3.3.6

Where the cancellation of a license has been confirmed by the CBB, the CBB will only effect the cancellation once a licensee has discharged all its regulatory responsibilities to customers. Until such time, the CBB will retain all its regulatory powers with regards to the licensee, and will direct the licensee such that no new regulated Islamic banking services may be undertaken whilst the licensee discharges its obligations to customers.

Amended: July 2012
Amended: October 2011
October 2007