Section 5: Appointment of Authorised Dealers and Authorised Buyers

(1) The Central Bank may appoint, as an Authorised Dealer or Authorised Buyer of foreign currency, any bank or non-banking corporate organisation which shows evidence of adequate resources and capacity to operate in accordance with the provisions of this Act.
(2) An Authorised Dealer or Authorised Buyer appointed under subsection (1) of this section shall operate in the Market subject to such terms and conditions as the Central Bank may specify in the letter of appointment.