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In force2022 Revised Edition

4. Power to subscribe to shares of Bank

The Minister may, with the approval of His Majesty the Sultan and

Yang Di-Pertuan, on behalf of the Government —

(a)

subscribe to shares of the original authorised capital stock of the Bank in accordance with paragraph 1 of Article 5 to an amount not exceeding US$52.4 million;

(b)

where the shares of Brunei Darussalam have been increased at the request of the Government in accordance with paragraph 3 of

Article 5, subscribe to the amount of such increase;

(c)

where the original authorised capital stock of the Bank is increased under paragraph 4 of Article 5, subscribe to a proportion of the increase of stock as provided in that paragraph.

Report