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Art. 8. Application for Membership>  
     
 
1. Admission of a new Depository member is subject to a decision of the Board of Directors.

2. The Membership Agreement with the Depository shall be concluded following the delivery of the decision under p. 1 and shall enter into force upon its signing by both parties.

3. The Board of Directors should take a decision within 30 (thirty) days following the submission of the application.

4. The applicant member shall receive the decision of the Board of Directors on membership assignment within 3 (three) days.