2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

26.   Prohibition against selling below supervisory threshold

Except with prior notice to the Central Bank, no person, shall sell or dispose of shares in a licensed financial institution to any other person, if as a result of the transaction the shareholding falls below the supervisory threshold of 10, 20 or 50% of the share capital.