The CBB, on receiving an application under Paragraph OFS-3.5.18 may:
(a) After giving the borrowing corporation an opportunity to make representations in relation to the application, and by order in writing served on the corporation at its registered office in Bahrain, impose such restrictions on the activities of the borrowing corporation, including restrictions on advertising for deposits or loans and on borrowing by the corporation as proposed by the
trustee and/or issuer or the CBB considers necessary for the protection of the interests of the holders of the debt securities; or
(b) If the CBB so requires, direct the
trustee to apply to the court for an order; and the trustee shall act in accordance with the court order.