FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) REGULATIONS (NO. 10 OF 1992) - REG 3 3. (1) For the purposes of paragraph 21 (3) (b) of the Act, particulars of the following changes of financial interest are required to be entered on the Register by a defined person:

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FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) REGULATIONS (NO. 10 OF 1992) - REG 3

3. (1) For the purposes of paragraph 21 (3) (b) of the Act, particulars of the following changes of financial interest are required to be entered on the Register by a defined person:

(a) a transaction of $1,000 or more, being—

(i) the deposit of money into an account with a financial institution;

(ii) the purchase of fixed shares, withdrawable shares, permanent shares or other securities in a financial institution; or

(iii) the repayment of a loan from a financial institution;

(b) a change in the terms of a loan from a financial institution resulting in an interest rate being charged or a term being imposed that is different from the interest rate or term available in the ordinary course of business for a borrower from the financial institution for a loan of the corresponding type.

(2) Subregulation (1) does not apply to a change of a defined person's financial interest being—

(a) a deposit of money into an account with a financial institution; or

(b) repayment of a loan from a financial institution;

made by way of a deduction of part or the whole of the person's salary.

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