(1) The Minister shall submit to the Central Bank, within seven business days of a sale, a statement of abandoned property remaining unsold in Form 3 as set out in the Schedule.
(2) The Minister shall submit to the Central Bank, within 60 days of the sale, a statement of any abandoned property remaining unsold that the Minister intends to dispose in Form 4 as set out in the Schedule.
(3) The statement submitted under subregulation (2) must be accompanied with a notice of the date, time, method and location of intended disposal of the abandoned property remaining unsold.
(4) The Minister shall provide the Central Bank, within 30 days of the disposal of abandoned property remaining unsold, written confirmation that the unsold abandoned property has been disposed of.
(5) The forms under subregulations (1) and (2) must be completed in duplicate and one copy, of each form, shall be retained for a period of 11 years by the —
(a) Minister; and
(b) Central Bank.