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(4) Notice under subsection (2) shall be served at the last known address of the licensed financial institution or shall be published in the Gazette or in any local newspaper. (5) If any licensed financial institution is aggrieved by any decision made under subsection (1), the licensed financial institution may appeal to the High Court within fourteen days of the decision. (6) Where a licence to carry on banking business in the Currency Union has been revoked, the Central Bank shall, as soon as possible cause a notice of the revocation to be published in the Gazette and a newspaper circulating in the relevant member country or territory of the Currency Union and cause such other steps to be taken as it considers necessary to inform the public of the revocation.

15. (1)

Requirement to inform Minister for Finance

Where the Central Bank receives an application for a licence pursuant to section 7, the Central Bank shall in writing inform the Minister of the application.

(2) Where the Central Bank makes a decision in relation to a licence pursuant to: (a) section 8, to grant or deny a licence; (b) section 12, to vary a condition of a licence; or (c) section 14, to revoke a licence, the Central Bank shall in writing inform the Minister of its decision, stating the reasons for the decision.

16. (1)

Restricted words, names, and practices

No licensed financial institution shall be granted or continue to hold a licence under a name which so closely resembles the name of an existing licensed

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