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In force2024 Revised Edition
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Part · Invitations to Make Deposits

96. Non-application of sections 93, 94 and 95

Sections 93, 94 and 95 do not apply to —

(a)

the Government;

(b)

any person licensed to carry on the business of a moneylender under the Moneylenders Act (Chapter 62);

(c)

any person licensed to carry on the business of a pawnbroker under the Pawnbrokers Order, 2002 (S 60/2002);

(d)

any co-operative society registered under the Co-operative

Societies Act (Chapter 84);

(e)

any finance company licensed under the Finance Companies

Act (Chapter 89);

(f)

the Tabung Amanah Islam Brunei Corporation established under the Perbadanan Tabung Amanah Islam Brunei Act

(Chapter 163);

(g)

any Islamic bank licensed under the Islamic Banking Act

(Chapter 283);

(h)

any person carrying on the business of insurance with the approval of the Minister;

(i)

any bank licensed under this Act;

(j)

any statutory body which is authorised under any written law to accept, receive or take deposits; and

(k)

any person related or associated with any person referred to in paragraphs (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j).

Banking 88

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