Kinyarwanda: Nyandiko isaba mu gihe kitarenze amezi atatu kuva habayeho kwakira inyandiko isaba kandi ibisabwa byose byuzujwe application for authorization within three months of presentation of the required information, after receipt of the application. les trois mois de l'introduction d'un dossier complet et, de la réception de la demande. icyemezo cyo kwemerera gitangwa ku basabye mu gihe kitarenze iminsi icumi n‟itanu. decisions on authorization will be communicated to the applicants within fifteen days. les décisions en matière d'agrément sont notifiées aux demandeurs dans les quinze jours hagamijwe imicungire nta makemwa kandi yizewe, mu gihe banki nkuru itanga kwemererwa,  ishobora gushyiraho amabwiriza agenga imwe mu mirimo yasabwe gukorwa. when granting authorization, the central bank may, in the interest of sound and prudent management, impose certain conditions on carrying out some of the activities proposed. la banque centrale peut, en vue d'une gestion saine et prudente, assortir l'agrément de conditions relatives à l'exercice de certaines des activités projetées. ingingo ya 4 : ibisabwa kwemererwa article 4: licensing requirements article 4: conditions  d‟agrément uwemererwa agomba kuba yuzuje ibi bikurikira : authorization may only be granted if the institution making the request meets the following conditions: l‟agrément ne peut être délivré que si l‟établissement qui en fait la demande satisfait aux conditions suivantes : 1° kuba yemewe nka banki cyangwa akora nk‟umuhuza ku isoko ry‟imigabane rigengwa n‟amategeko y‟u rwanda 1° having the status of bank or intermediaries of the capital market governed by rwandan law, and 1° avoir la qualité de banque ou de société de bourse de droit rwandais, et 2° kuba yuzuje ibindi nkuko biteganywa n‟aya mabwiriza. 2° fulfilling the other requirements provided under this regulation. 2° satisfaire aux autres conditions prévues dans le présent règlement. ugira uruhare agomba kuba afite uburyo bw‟umutungo n‟ubw‟imikurikiranire bihagije bimufasha kubika inyandiko z‟agaciro abikorera abandi. the participant must have the resources and procedures which are necessary to carry out the activity of holding book-entry securities on behalf of third parties.
English: Where the regulatory agency does not object to the proposed modifications within three (3) weeks of receipt of the proposal, the licensee shall be entitled to introduce the modification, subject to giving five (5) days‟ written notice to the regulatory board and all subscribers. where the regulatory agency notifies the licensee that it does not approve the proposed modifications, it shall provide a clear and detailed written explanation of the reasons for such non-approval sufficient to permit the licensee to revise the proposed modifications to the satisfaction of the regulatory agency. the licensee may then submit amended proposed modifications for approval within a period of two (2) weeks of receipt of the regulatory agency's decision and the provisions of this paragraph shall apply again. any modification to the master subscriber contract shall come into force as regards each individual subscriber fifteen (15) days after delivery of a written copy of such modification to the subscriber, unless that subscriber objects to such modification in writing to the regulatory agency or the licensee within said fifteen (15) days period. 21.5 former subscribers' contracts subscribers' contracts concluded by the licensee prior to the effective date of the license shall be amended in accordance with the terms and conditions of the master subscriber contract defined in article 21 above within six (6) months following the  regulatory agency's approval on the master subscriber contract. 22. roaming users 22.1 notwithstanding the respect of the roll out obligations subscribed pursuant to attachment d hereafter, the licensee may enter into national roaming agreements with other licensed operators in rwanda. 22.2 such agreements are subject to prior authorisation from the regulatory board. the regulatory board shall communicate its decision not later than two (2) months from the date of receipt of the request. 22.3 the licensee may enter into roaming agreements with foreign operators. such agreements provided for the pricing and technical conditions upon which users of foreign cellular networks may access to the licensed network. 23. universal access 23.1 in this license, universal access shall have the meaning ascribed to it under article 3 the presidential order n° 05/01 of 15 march 2004 determining the functioning of the universal access fund and public operator‟s contributions; the licensee shall install, operate and maintain the licensed network in accordance with the provisions of article 20 of this license so as to ensure efficient and continuous universal access. 23.2 the licensee shall not be required to provide universal access to the extent that : - the regulatory board is satisfied that a reasonable demand is being met or is to be met by other means ; - the regulatory board determines that it is not reasonable in the circumstances to require the licensee to provide universal access, including where (i) the provision of universal access would expose any person engaged in its provision to undue risk to health or safety, or (ii) it is not reasonably practicable. og n°08 of 23/02/2009