Regulation 12

Every DI Scheme member shall maintain at all times, a register of all its products which are insured deposits (referred to in this regulation as the Register), in such form and manner as may be specified in the Rules.

Every DI Scheme member shall, within 10 days from 1st April of each year, submit to the Agency a copy of the Register updated to 1st April of that year and an annex, in such form as may be specified in the Rules, setting out the product codes of each product, which is an insured deposit, in the Register (referred to in this regulation as the Annex).

A DI Scheme member shall notify the Agency of any change to the Register or Annex within 10 days of such change.

Any Register or Annex submitted by a DI Scheme member before 1st May 2011 pursuant to the rules issued by the Agency under section 19 of the repealed Act —

Every DI Scheme member shall, within 10 days after 1st May 2011, notify the Agency of any change to the Register or Annex that was submitted to the Agency immediately before 1st May 2011.

A DI Scheme member shall, upon reasonable request, make available to any person a copy of the Register (last submitted to the Agency, together with all notification of change since that submission where such change has not been incorporated into the Register) for inspection, at every place of business of the DI Scheme member where insured deposits are offered.

Any DI Scheme member which contravenes paragraph (1), (2), (3), (5) or (6) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 and, in the case of a continuing offence, to a further fine of $12,500 for every day or part thereof during which the offence continues after conviction.