Notification of change in associates

(1) A moneylender shall provide the Registrar with written notice of any change in its associates, whether as a result of a person becoming an associate or ceasing to be an associate. (2) A written notice under sub-section (1) shall– (a) specify the date of the change; (b) provide details of the identity of the new or former associate and the nature of the associate’s interest in, or control of, the (c) be provided to the Registrar within 14 days of the moneylender first becoming aware of the (3) A moneylender that fails to provide written notice of a change in its associates in accordance with this section commits an offence and is liable on summary conviction to a fine not exceeding seventy five thousand dollars.