(1) A licence shall not be granted under section 4 unless the eligible company designates and notifies to the Minister by name, a registered agent, which is not a director or officer of the eligible company, to act as its registered agent and registered office in Saint Lucia.
(2) A licensee shall not—
(a) cease to have a registered office in Saint Lucia;
(b) change its registered office in Saint Lucia without the prior approval of the Minister;
(c) cease to have a registered agent under subsection (1);
(d) change its registered agent without the prior approval of the Minister.