(1) The prescribed evidence for the purposes of section 10(1)(b) of the Act which is required by that Act to be produced to a person issuing securities is as follows—
(a) a certificate, letter or legal document issued by the relevant and competent authority attesting to the fact that the person to whom securities are to be issued has been resident in Saint Lucia for 3 consecutive years prior to the date on which the application is made for the purchase of securities; and
(b) the written permission of the Director to purchase the securities specified in such permission.
(2) The prescribed declaration for the purposes of section 11(1)(b) of the Act which must be produced to the transferee is a declaration stating the residence of the transferor and that of the person, if any, for whom he or she is a nominee.
(3) A declaration under subparagraph (2) must be signed by the transferee.
(4) Without prejudice to subparagraphs (1) to (3), a person issuing securities or a transferee may require such additional evidence as is reasonable in the objective circumstances of any case.
(5) Evidence produced under this paragraph shall be retained by the person to whom it is produced and shall be supplied to the Director upon request.