(1) Subject to regulation 15, a notice issued by a licensed financial institution or licensed financial holding company under section 168(4) of the Act must be —
(a) published in a newspaper for 2 consecutive weeks;
(b) published in one issue of the Gazette; and
(c) mailed to the owner at his or her last known address by registered mail.
(2) A notice published or mailed under subregulation (1) must include a statement to the effect that on the expiration of the date stipulated within the notice and without a claim from the owner, the abandoned property must be paid to the Central Bank.
(3) A licensed financial institution or licensed financial holding company shall confirm to the Central Bank that it has complied with section 168(4) of the Act, within 2 months after the end of the financial year of the licensed financial institution or licensed financial holding company.
(4) The confirmation required under subregulation (3) must provide the following details regarding the publication of abandoned property —
(a) a copy of the notice published in the Gazette;
(b) a copy of the notice published in the newspaper;
(c) a link to the website of the licensed financial institution or licensed financial holding company where the abandoned property has been published;
(d) the number of owners notified;
(e) the number of accounts presumed to be abandoned;
(f) the total value of the abandoned property; and
(g) a copy of the template of the notice sent to the owners.
(5) Where a licensed financial institution or licensed financial holding company does not hold any abandoned property, the licensed financial institution or licensed financial holding company shall inform the Central Bank in writing.