Preliminary Licences Transferability of Shares Administration Miscellaneous Particulars in Applications Fees for the Grant of a Licence Fees for the Renewal of a Licence

BRITISH VIRGIN ISLANDS

BANKS AND TRUST COMPANIES ACT, 1990

PART III - Transferability Of Shares And Beneficial Interests
Shares not to be issued or transferred without approval.

14.  No shares or other interests, whether legal or equitable, in a bank or trust company shall be   issue, transferred or otherwise disposed of without the prior written approval of the Governor, except that the Governor may exempt any bank or trust company from the provisions of this section, subject to such terms and conditions as the Governor considers necessary.