(1) Where a claim is settled the licensed financial institution, licensed financial holding company or the Minister shall within 2 business days give notice to the Central Bank that the claim has been settled in Form 8 as set out in the Schedule.
(2) The notice under subregulation (1) must include the —
(a) particulars of the claimed abandoned property; and
(b) method of payment used to settle the claim.
(3) The form under subregulation (1) must be completed in duplicate and one copy shall be retained for a period of 11 years by the —
(a) licensed financial institution, licensed financial holding company or Minister; and
(b) Central Bank.