(1) A licensed financial holding company shall not —
(a) carry on any activity other than administering its holding of shares in members of its financial group or providing management, advisory, financing, accounting, information processing services to members in the financial group or any other services as approved by the Central Bank;
(b) directly or indirectly exercise control over any member of another financial group, without the prior approval of the Central Bank; or
© directly or indirectly, acquire or hold any share or ownership interest in any commercial, agricultural or industrial company or unincorporated entity.
(2) A licensed financial holding company may acquire interest in any company that engages in activities permissible for licensed financial institutions under section 10.
(3) The Central Bank may issue prudential standards under this section, without limitation, relating to —
(a) the maximum percentage of shares of any class or the maximum value of ownership interests that may be acquired or held; and
(b) the maximum aggregate value of any shares and ownership interest.