Section 17, The Banking Act, 2019

(1) A bank shall not open, close, relocate its head officeor branch unless on prior written approval of the Central Bank. (2) A bank shall not appoint, suspend or dismiss an agent which carries out banking business on its behalf without a no objection from the Central Bank. (3 A bank licensed under this Act may with prior written approval of the Central Bank carry on banking business outside Sierra Leone only through a separately capitalised subsidiary company or representative office. (4) A bank or financial holding company who contravenes this section is liable to an administrative penalty.