Exchange Control Regulations 1973
Download PDF| Year | 1973 |
|---|---|
| Category | Consolidated |
| Last Updated | 2026-02-19 16:15:51 |
|---|---|
| File Size | 231.5 KB |
| Source | bermudalaws.bm |
Table of Contents
- PART I
- 1. Citation
- 2. Interpretation
- 3. Meaning of resident
- 4. Manner in which discretion to be exercised
- PART II
- 5. Dealings in gold and foreign currency
- 6. Surrender of gold and foreign currency
- 7. Travellers’ cheques, etc.
- PART III
- 8. Payments in Bermuda
- 9. Restrictions on transactions involving payment
- 10. Payments outside Bermuda
- 11. Compensation deals
- PART IV
- 12. Issue of securities [revoked]
- 13. Transfer of securities registered in Bermuda or in Bermuda [revoked]
- 13A. Transfer of beneficial ownership in permit companies [revoked]
- 13B. Duty to update beneficial ownership information [revoked]
- 14. Transfer of coupons [revoked]
- 15. Transfer of coupons [revoked]
- 16. Issue of bearer certificates and coupons [revoked]
- 17. Substitution of securities and certificates outside Bermuda [revoked]
- 18. Payment of capital moneys outside Bermuda [revoked]
- 19. Duties of persons keeping registers [revoked]
- 20. Additional provisions as to nominee holdings [revoked]
- 21. Provision as to deposit of certain securities [revoked]
- 22. Special provisions as to dealing in certain securities [revoked]
- 23. Validation of certain transfers [revoked]
- 24. Application of Part IV to secondary securities [revoked]
- 25. Interpretation of Part IV [revoked]
- 25A. Company engaging corporate service provider [revoked]
- PART V
- 26. Restrictions on import
- 27. General restrictions on export
- 28. Payments for exports
- PART VI
- 29. Duty to collect certain debts
- 30. Duty not to delay sale or importation of goods
- 31. Transfer of annuities, policies, etc.
- 32. Settlements
- 33. Foreign companies
- 34. Bermudian controlled companies
- 35. Foreign controlled companies
- 36. Interpretation
- PART VII
- 37. Exemptions
- 38. Blocked accounts
- 39. Contracts, legal proceedings, etc.
- 40. Bankers and others to comply with directions
- 41. Other powers
- 42. Evidence of permission, authority, etc.
- 42A. Filing information when dealing in securities where permission, consent, etc. is
- 43. Branches
- 44. Persons leaving the Bermuda exchange control area
- 45. Acts of two or more persons
- 46. Regulations to apply to persons who are not British subjects
- 46A. Request for information
- PART VIII
- 47. Power to obtain information
- 47A. Supplementary directions in relation to exempted and permit companies
- 47B. Supplementary directions in relation to exempted company employees
- 48. Mutilating documents, supplying false information, etc.
- 49. Persons leaving or arriving in Bermuda
- 49A. Power to impose civil penalties
- 49B. Procedure for imposing civil penalties
- 49C. Appeals: penalties
- 50. Contravention of Regulations an offence: penalties
- 51. Offences by bodies corporate
- 52. Commencement and transitional [omitted]
- FIRST SCHEDULE
- SECOND SCHEDULE
- THIRD SCHEDULE
- FOURTH SCHEDULE
- FIFTH SCHEDULE
- PART I
- 1. These Regulations may be cited as the Exchange Control Regulations
- 2. In these Regulations, unless the context otherwise requires,—
| Case Name | Citation | Date | Court |
|---|---|---|---|
| Tatung Company v CHUNGWHA PICTURE TUBES LIMITED GRANVILLE TECHNOLOGY GROUP LIMITED (In Liquidation) VMT LIMITED (In Liquidation) OT COMPUTERS LIMITED (In Liquidation) Interveners | [2023] SC (Bda) 32 Civ. 21 April 2023 | 2023-04-21 | Supreme Court |
| Pt Satria Tirtatama Energindo v East Asia Company Limited Bali Energy Limited | [2016] SC (Bda) 90 Com (21 October 2016) | 2016-10-21 | Supreme Court |
| Miguel A Pulido v UST HOLDINGS LTD TRICASE INVESTMENTS HOLDINGS INC (a company registered in the British Virgin Islands) ADVANTEC HOLDINGS SA (a company registered in the British Virgin Islands) THE PILLAI FAMILY LIMITED PARTNERSHIP (a limited partnership registered in California, USA) JAMUNA MENON | [2015] SC (Bda) 67 Com (25 September 2015) | 2015-09-25 | Supreme Court |