Revised Laws of Saint Lucia (2021)

72.   Prudential requirements

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    (1)   The prudential requirements to be applied on a consolidated basis include —

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      (a)     minimum capital adequacy ratio of section 46;

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      (b)     liquidity requirements of section 48;

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      ©     exposure limits of section 49;

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      (d)     related-party lending limits of section 50;

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      ©     prohibition on payment of dividends or transfers of profit under section 45; and

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      (f)     other prudential requirements as may be determined by the Central Bank to be necessary or appropriate.

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    (2)   The Central Bank shall determine the manner in which the prudential requirements shall be applied on a consolidated basis, which may include any modifications, adaptations, qualifications and exceptions as may be necessary or appropriate to provide for effective supervision on a consolidated basis.