Audited financial statements

(1) A licensee shall, within four months of the end of its financial year, or such longer period as the Central Bank may, in any particular case, permit in writing, furnish to the Central Bank– (a) the signed audited unconsolidated financial the full supplementary notes and management letter, or communication prepared in accordance with reporting standards; (b) a list of all shareholders on the register of the licensee of any class of shares, together with the number of shares held and the percentage of the class represented by such ownership; and (c) the name and address and occupation of every director of the licensee; and shall publish in the Gazette and in a newspaper of general circulation in Belize and exhibit thereafter throughout the year in a conspicuous position in each of its offices and branches in Belize, as well as on its web site, copies of its audited financial statements on an unconsolidated basis as may be specified by the Central Bank, together with the certification or opinion of the auditor. (2) A financial holding company shall, within four months of the end of its financial year, or such longer period as the 130 Central Bank may, in any particular case, permit in writing, furnish to the Central Bank– (a) the signed audited consolidated financial the full supplementary notes and management letter, or communication prepared in accordance with reporting standards; (b) a list of all shareholders on the register of the financial holding company of any class of shares, together with the number of shares held and the percentage of the class represented by such ownership; (c) the name and address and occupation of every director of the financial holding company; and (d) where available, the annual report. (3) A local licensee or financial holding company shall submit on the request of the Central Bank in respect of any– (a) subsidiary of the licensee or company in which the licensee has a substantial investment; and (b) member of the financial group which the financial holding company controls, audited financial statements, as the case may be. (4) Any licensee and financial holding company of a licensee which fails to comply with the requirements of this section or with any requirement specified by the Central Bank under this section shall, on being called upon in writing to do so by the Central Bank, pay a fine not exceeding ten thousand 131 dollars for every day of such failure to comply except when an extension to the period has been granted in writing by the