Revised Laws of Saint Lucia (2023)

• 1.   Short title

• 2.   Interpretation

• 3.   Application of this Act

• 4.   Requirement for licence

• 5.   Classes of licences

• 6.   Application for licence, formalities and considerations

• 7.   Alteration of facts disclosed in application

• 8.   Adequacy of capital

• 9.   Period of licence and licence fee

• 10.   Authorisation of location and approval of new business premises

• 11.   Display of licence certificate

• 12.   Restrictions on names likely to mislead

• 13.   Advertisement

• 14.   Actions of fundamental change requiring approval

• 15.   Change in directorship

• 16.   Annual audit, report and publication of financial statements and results

• 17.   Notice of termination of auditor's appointment

• 18.   Accounting records and systems of business control

• 19.   Returns

• 20.   Extension of time for providing information

• 21.   Retention of records

• 22.   Examination by Authority

• 23.   Confidential information

• 24.   Exchange of information

• 25.   Segregated Accounts

• 26.   Bankruptcy or insolvency of licensee

• 27.   Utilisation of deposits, etc.

• 28.   Abandoned Property

• 29.   Report, publication and disposal of abandoned property

• 30.   Sale and handling of proceeds of sale of abandoned property

• 31.   Claims on abandoned property

• 32.   Penalties for failure to file abandoned property report

• 33.   Revocation and termination of licence

• 34.   Suspension of licence

• 35.   Persons carrying on money services business without a licence

• 36.   Appointment of receiver

• 37.   Authority may apply to Court to preserve customers' interests

• 38.   Powers of the Authority in respect of licensees

• 39.   Transactions effected prior to suspension or revocation of licence

• 40.   Powers and duties of the Authority

• 41.   Criteria of prudent management

• 42.   Management's duty of compliance with the requirements of the law

• 43.   False or misleading information

• 44.   Removal and disqualification of officers

• 45.   Offences by officers of corporate bodies

• 45A.   GENERAL PENALTY

• 46.   Immunity

• 47.   Prudential guidelines

• 49.   Administration of this Act

• 50.   Regulations

• Schedule 1

• Schedule 2

• Schedule 3

• Schedule 4