(1) A licence shall not be granted to an eligible company unless it has and it designates and notifies to the Minister by name, a registered agent, which is not an official of the applicant, to act as its registered agent and registered office in Saint Lucia.
(2) A licensee shall not—
(a) cease to have a registered office or registered agent in Saint Lucia;
(b) change its registered office or registered agent in Saint Lucia without the prior approval of the Minister.