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further penalty of two thousand dollars for each day on which the offence is continued after conviction.

Display of licence certificate 17. A copy of the certificate of any licence granted under this Act shall be displayed and kept displayed in a conspicuous place in the public part of any place of business of the licensed financial institution and on the public website of the licensed financial institution.

Offices and branches deemed one licensed financial institution 18. All offices and branches of a licensed financial institution in the Currency Union shall be deemed to be one licensed financial institution.

19. (1)

Authorisation of location and approval of new business premises

Any licence granted under this Act shall authorise the licensed financial institution to carry on banking business in the Currency Union at the place of business designated in the licence and at such other place as the Central Bank may in writing authorise.

(2) A licensed financial institution shall not open a new place of business or change the location of an existing place of business in the Currency Union without the prior approval of the Central Bank.

(3) No licensed financial institution shall close an existing place of business in the Currency Union without having given ninety days prior notification to the Central Bank.

(4) No local licensed financial institution shall open a place of business elsewhere than in the Currency Union without the prior approval of the Central Bank.

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