6. Persons appearing to transact banking business without licence

Terms defined in s 2

• Authority

  Authority

  Defined · s 2

  “Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;

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• banking business

  banking business

  Defined · s 2

  “banking business” means business which consists of or includes the receiving of deposits or other repayable funds from the public and the granting of credits for its own account and includes the following activities — (a) financial leasing; (b) money transmission services; (c) issuing and administering means of payment, such as credit cards, charge cards, travellers’ cheques and bankers’ drafts; (d) guarantees and commitments; (e) trading for own account or for account of customers in one or more of money market instruments, foreign exchange, financial futures and options, exchange and interest rate instruments and transferable securities; (f) participation in share issues and the provision of services relating to such issues; (g) advice to undertakings or capital structure, industrial strategy and related questions and advice and services relating to mergers and the purchase of undertakings; (h) money broking; (i) portfolio management and advice; (j) safekeeping and administration of securities; (k) credit reference services; (l) safe custody services; (m) bank assurance; and (n) such other business as may be approved in writing by the Authority with the approval of the Minister;

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• licence

  licence

  Defined · s 2

  “licence” means a licence granted under section 4 or 23;

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