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LR-3.1.7

The applicant’s (and where applicable, its parent’s) memorandum and articles of association must explicitly provide for it to undertake the activities proposed in the licensed application, and must preclude the applicant from undertaking other commercial activities, unless these arise out of its banking activities or are incidental to those.

October 2007
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(1 Version)
 
Apr 1 2008 onwards
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