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(1) A credit bureau shall notify the Bank of the location of its principal place of business at the time of application for a credit bureau licence.

(2) A credit bureau may open branch and agency offices for the conduct of its authorized business with the prior approval of the Bank.

(3) A credit bureau shall obtain the approval of the Bank prior to the

(a) relocation of its principal place of business,

(b) relocation of branch offices,

(c) agencies, and

(d) closing its principal place of business, branch, office, or agency.