Except with the permission of the Director of Finance and Planning—
(1) A person in Saint Lucia shall not do any act with intent to secure—
(a) that a security which is—
(i) registered in Saint Lucia, or
(ii) transferable by means of a bearer certificate in Saint Lucia, becomes, or is replaced by, a security registered outside Saint Lucia or a security transferable by means of a bearer certificate outside Saint Lucia; or
(b) that a certificate of title to any other security, is issued outside Saint Lucia in substitution for or in addition to a certificate of title thereto which is in, or is or has been lost or destroyed in, Saint Lucia.
(2) A person resident in the scheduled territories shall not in Saint Lucia do any act which involves, is in association with or is preparatory to any such transaction outside Saint Lucia as is referred to in subparagraphs (a) or (b) above.