Islamic Financial Services Act 2013 · s 193

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s 193Bridge institution authorized to carry on business

(1)

Upon its designation as such, and for so long as the designation continues, a bridge institution shall be deemed to be licensed to carry on the business of the licensed person whose business, assets or liabilities have been vested in the bridge institution.

(2)

The Bank may exempt the bridge institution from such requirements, or grant such approvals, under this Act as may be necessary to facilitate the carrying on of its licensed business.

Islamic Financial Services 179