diff --git a/src/entities/SecurityToken/SecurityToken.ts b/src/entities/SecurityToken/SecurityToken.ts
index 98209b1..f315306 100644
--- a/src/entities/SecurityToken/SecurityToken.ts
+++ b/src/entities/SecurityToken/SecurityToken.ts
@@ -9,7 +9,6 @@ import { Permissions } from './Permissions';
 import { Transfers } from './Transfers';
 import { PolymathError } from '../../PolymathError';
 import { ErrorCode } from '../../types';
-import { Restrictions } from './Restrictions';
 import { Documents } from './Documents';
 
 export interface UniqueIdentifiers {
@@ -72,8 +71,6 @@ export class SecurityToken extends Entity<Params> {
 
   public transfers: Transfers;
 
-  public restrictions: Restrictions;
-
   public documents: Documents;
 
   constructor(params: Params & UniqueIdentifiers, context: Context) {
@@ -92,7 +89,6 @@ export class SecurityToken extends Entity<Params> {
     this.offerings = new Offerings(this, context);
     this.permissions = new Permissions(this, context);
     this.transfers = new Transfers(this, context);
-    this.restrictions = new Restrictions(this, context);
     this.documents = new Documents(this, context);
   }
 
diff --git a/src/entities/SecurityToken/Restrictions/CountRestrictions.ts b/src/entities/SecurityToken/Transfers/Restrictions/CountRestrictions.ts
similarity index 86%
rename from src/entities/SecurityToken/Restrictions/CountRestrictions.ts
rename to src/entities/SecurityToken/Transfers/Restrictions/CountRestrictions.ts
index 9ccd8bb..8cc36a7 100644
--- a/src/entities/SecurityToken/Restrictions/CountRestrictions.ts
+++ b/src/entities/SecurityToken/Transfers/Restrictions/CountRestrictions.ts
@@ -1,8 +1,8 @@
 import { ModuleName } from '@polymathnetwork/contract-wrappers';
-import { ErrorCode } from '../../../types';
-import { ModifyMaxHolderCount } from '../../../procedures';
-import { SubModule } from '../SubModule';
-import { PolymathError } from '../../../PolymathError';
+import { ErrorCode } from '../../../../types';
+import { ModifyMaxHolderCount } from '../../../../procedures';
+import { SubModule } from '../../SubModule';
+import { PolymathError } from '../../../../PolymathError';
 
 export class CountRestrictions extends SubModule {
   /**
diff --git a/src/entities/SecurityToken/Restrictions/PercentageRestrictions.ts b/src/entities/SecurityToken/Transfers/Restrictions/PercentageRestrictions.ts
similarity index 95%
rename from src/entities/SecurityToken/Restrictions/PercentageRestrictions.ts
rename to src/entities/SecurityToken/Transfers/Restrictions/PercentageRestrictions.ts
index 54b68bf..51960a0 100644
--- a/src/entities/SecurityToken/Restrictions/PercentageRestrictions.ts
+++ b/src/entities/SecurityToken/Transfers/Restrictions/PercentageRestrictions.ts
@@ -8,11 +8,11 @@ import {
   ErrorCode,
   PercentageWhitelistEntry,
   ModifyPercentageExemptionsProcedureArgs,
-} from '../../../types';
-import { ModifyMaxHolderPercentage, ModifyPercentageExemptions } from '../../../procedures';
-import { SubModule } from '../SubModule';
-import { PolymathError } from '../../../PolymathError';
-import { TransactionQueue } from '../../TransactionQueue';
+} from '../../../../types';
+import { ModifyMaxHolderPercentage, ModifyPercentageExemptions } from '../../../../procedures';
+import { SubModule } from '../../SubModule';
+import { PolymathError } from '../../../../PolymathError';
+import { TransactionQueue } from '../../../TransactionQueue';
 
 interface PercentageWhitelistParams {
   whitelistEntries: PercentageWhitelistEntry[];
diff --git a/src/entities/SecurityToken/Restrictions/Restrictions.ts b/src/entities/SecurityToken/Transfers/Restrictions/Restrictions.ts
similarity index 77%
rename from src/entities/SecurityToken/Restrictions/Restrictions.ts
rename to src/entities/SecurityToken/Transfers/Restrictions/Restrictions.ts
index 560f856..fe8c4b9 100644
--- a/src/entities/SecurityToken/Restrictions/Restrictions.ts
+++ b/src/entities/SecurityToken/Transfers/Restrictions/Restrictions.ts
@@ -1,8 +1,8 @@
-import { SubModule } from '../SubModule';
+import { SubModule } from '../../SubModule';
 import { CountRestrictions } from './CountRestrictions';
 import { PercentageRestrictions } from './PercentageRestrictions';
-import { SecurityToken } from '../SecurityToken';
-import { Context } from '../../../Context';
+import { SecurityToken } from '../../SecurityToken';
+import { Context } from '../../../../Context';
 
 export class Restrictions extends SubModule {
   public count: CountRestrictions;
diff --git a/src/entities/SecurityToken/Restrictions/index.ts b/src/entities/SecurityToken/Transfers/Restrictions/index.ts
similarity index 100%
rename from src/entities/SecurityToken/Restrictions/index.ts
rename to src/entities/SecurityToken/Transfers/Restrictions/index.ts
diff --git a/src/entities/SecurityToken/Transfers.ts b/src/entities/SecurityToken/Transfers/Transfers.ts
similarity index 74%
rename from src/entities/SecurityToken/Transfers.ts
rename to src/entities/SecurityToken/Transfers/Transfers.ts
index 6d8c912..591e4c2 100644
--- a/src/entities/SecurityToken/Transfers.ts
+++ b/src/entities/SecurityToken/Transfers/Transfers.ts
@@ -1,8 +1,19 @@
 import { BigNumber } from '@polymathnetwork/contract-wrappers';
-import { SubModule } from './SubModule';
-import { ControllerTransfer, SetController } from '../../procedures';
+import { SubModule } from '../SubModule';
+import { ControllerTransfer, SetController } from '../../../procedures';
+import { Restrictions } from './Restrictions';
+import { SecurityToken } from '../SecurityToken';
+import { Context } from '../../../Context';
 
 export class Transfers extends SubModule {
+  public restrictions: Restrictions;
+
+  constructor(securityToken: SecurityToken, context: Context) {
+    super(securityToken, context);
+
+    this.restrictions = new Restrictions(securityToken, context);
+  }
+
   /**
    * Set the address of the Security Token's Controller. The controller may perform forced transfers
    */
diff --git a/src/entities/SecurityToken/Transfers/index.ts b/src/entities/SecurityToken/Transfers/index.ts
new file mode 100644
index 0000000..55da812
--- /dev/null
+++ b/src/entities/SecurityToken/Transfers/index.ts
@@ -0,0 +1 @@
+export { Transfers } from './Transfers';