If an offshore banking branch wishes to do any of the following, it shall report same to the FSC for approval and notify the CBC:
1.Change of the institution's name;
2.Change of the institution's location;
3.Change of the responsible persons;
4.Change of the working capital;
5.Acquisition of all or a major part of the business or property of any other offshore banking branch, or transfer to any other offshore banking branch all or a major part of its business or property; or
6.Suspension, resumption or termination of the business.