A bill that would allow the Central Bank of Cyprus to require legal entities applying for a licence to operate as credit institutions to pay the costs related to the examination of their application, was discussed, among others, by the Finance Committee of the House of Representatives on Monday.
The purpose of the bill, which amends the Credit Institutions Operations Law, is to allow the Central Bank of Cyprus to require legal entities applying for a licence to operate as credit institutions to pay the costs related to the examination of their application. [DURING THE DEBATE, THE CENTRAL BANK, THE LEGAL SERVICE AND THE ASSOCIATION OF BANKS WERE IN FAVOUR OF THE BILL, AND IT WAS REPORTED THAT THE EUROPEAN CENTRAL BANK'S OPINION ON THE BILL HAD ALSO BEEN SOUGHT.
(CNA)
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