In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Banking Act · 2024 Revised Edition · Part 7
Banking Act · 2024 Revised Edition · Part 7
Official textFrom Attorney General's Chambers, unchanged
The Authority may at any time make an investigation, under conditions of confidentiality, of the books, accounts and transactions of any bank in Brunei Darussalam, if it has reason to believe that any bank —
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
is carrying on its business in a manner likely to be detrimental to the public interest or the interests of the creditors or depositors of such bank;
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
Banking
has insufficient assets to cover its liabilities to the public; or
is contravening any provision of this Act.
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
Part
Part
Part
Part