①A person may not perform bank agency services unless licensed by the Prime Minister to do so.

②A bank agent may not perform bank agency services unless entrusted by a principal bank to do so, or unless further entrusted to do so by a bank agent that has been entrusted to do so by a principal bank.

③A bank agent may not further entrust a person with bank agency services unless it obtains the approval of the principal bank to do so in advance.