Section 50Q, The Other Financial Services (Amendment) Act, 2007.

(1) Where the Central Bank determines in any disciplinaryproceedings that a licence holder has contravened any provision of this Act, the Central Bank may publish a statement to that effect, stating any action that the Central Bank may have taken in respect of that contravention. (2) Before publishing a statement under subsection (1), the Central Bank shall give the person concerned written notice of the proposed statement and of the reasons for which it proposes to act. (3) Where the reasons stated in the notice relate specifically to matters which– (a) refer to a person identified in the notice other than the person who is or was the licence holder; and (b) are in the opinion of the Central Bank prejudicial to that person in any office or employment, Operation pending renewal etc. of licence. Appeals. Public statement. No. 4 Other Financial Services (Amendement) Act 2007No. 4 Other Financial Services (Amendement) Act 2007 PRINTED AND P UBLISHED BY THE G OVERNMENT PRINTING D EPARTMENT , S IERRA LEONE. GAZETTE NO . 23 OF 17 TH M AY , 2007. 24 25 the Central Bank shall, unless it considers it impracticable to do so, serve a copy of the notice on that other person. (4) A notice under this section shall give particulars of the right conferred by subsection (5). (5) A person on whom a notice is served under subsection (2) or (3) may, within 21 days after the service, make written representations to the Central Bank and, if desired, representations to a person appointed by the Central Bank for that purpose. (6) The Central Bank shall, after considering any representations made under subsection (5), give any person on whom notice was served under subsection (2) or (3) written notice that the statement is or is not to be published; and if it is to be published, the Central Bank shall, after publication, send a copy of the statement to such person. (7) A person on whom notice is served under subsection (6) who is aggrieved by the decision of the Central Bank may appeal to the High Court. Passed in Parliament this 12th day of April, in the year of our Lord two thousand and seven. A. A. KEMOKAI, Clerk of Parliament. T HIS P RINTED IMPRESSION has been carefully compared by me with the Bill which has passed Parliament and found by me to be a true and correct printed copy of the said Bill. A. A. KEMOKAI, Clerk of Parliament.