| Article 21-1 |
If an offshore banking branch wishes to do any of the following, it shall report same to the FSC for approval and notify the CBC:<br/>1.Change of the institution's name;<br/>2.Change of the institution's location;<br/>3.Change of the responsible persons;<br/>4.Change of the working capital;<br/>5.Acquisition of all or a major part of the business or property of any other offshore banking branch, or transfer to any other offshore banking branch all or a major part of its business or property; or<br/>6.Suspension, resumption or termination of the business. |
|