The Central Bank may disapprove a proposed transfer of shares in the interest of sound and prudent management of a licensed financial institution by preventing —
(a) the acquisition of shares by a person who, does not satisfy the fit and proper criteria issued by the Central Bank or may exercise control to the detriment of that licensed financial institution; or
(b) a transaction in any other situation in which the Central Bank has reason to believe that the transaction will be detrimental to that licensed financial institution.