Section 18, The Banking Act, 2019

(1) A bank or financial holding company incorporatedoutside Sierra Leone shall not set up a representative office in Sierra Leone unless it has obtained the written approval of the Central (2) An application to setup a representative office under subsection (1), shall be made to the Central Bank in such form as may be prescribed and shall contain such information and supported by such documents as the Central Bank may require, including permission from the home Central Bank. (3) A representative office shall not transact banking business in Sierra Leone. 30 31 Opening, closing, relocation, appointment and dismissal. Representative office. (4) A person who contravenes this section is liable to an administrative Penalty.