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Banking Act · s 94
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Banking Act · s 94
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Subject to section 96, no person shall, without the written consent of the Minister, make an unsolicited call —
to solicit or procure the making of any deposit; or
to enter into or offer to enter into, any agreement with a view to the acceptance of any deposit, from any person in Brunei Darussalam or outside Brunei Darussalam.
The consent of the Minister under subsection (1) may be given to such person or such classes, categories or descriptions of persons, and be made subject to such conditions, including a condition requiring the disclosure of such information to the persons on whom unsolicited calls are made, as may be set out in the consent.
Any person who contravenes subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.
In this section, “unsolicited call” includes a personal visit or verbal communication made without express invitation.