Title:
Regulations Governing Foreign Exchange Business of Insurance Enterprises
Inactive Regulations
(Business Approval)
An insurance enterprise shall apply to the Bank to engage in foreign exchange business, and may engage in foreign exchange business only after being approved.
An insurance enterprise may apply to engage in all or some of the business categories listed in the preceding Article, and the Bank may approve on a category by category basis according to the needs of the insurance enterprise’s business.
Foreign exchange business may not be operated without the approval of the Bank.