Revised Laws of Saint Lucia (2022)

36.   Enforcement and administration

  1.  

    (1)   The provisions of Schedule 5 have effect for the purpose of the enforcement of this Act.

  1.  

    (2)   Persons belonging to the following classes, that is to say—

    1.  

      (a)     bankers, authorised dealers, authorised depositaries;

    1.  

      (b)     persons to whom any powers of the competent authority under this Act are delegated;

    1.  

      (c)     persons who with the permission of the competent authority are in possession of documents which would, but for the permission, have to be in the custody of an authorised depositary;

    1.  

      (d)     persons concerned with the keeping of any register in Saint Lucia; and

    1.  

      (e)     persons entrusted with the payment of capital monies, dividends or interest in Saint Lucia, shall comply with such directions as may be given to them respectively by the Director of Finance and Planning being—

      1.  

        (i)     in the case of any such persons, directions as respects the exercise of any functions exercisable by them by virtue of, or by virtue of anything done under, any provision of this Act, or

      1.  

        (ii)     in the case of authorised dealers, such directions as aforesaid or directions as to the terms on which they are to accept gold or foreign currency or directions requiring them to offer their gold or specified currency for sale to the Bank of England on such terms as may be specified in any such directions.