Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · s 52
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(1]
In addition to the open market and credit operations in accordance with section 39, the Authority may, in exceptional circumstances, on such conditions as it determines, act as lender of last resort for a bank or financial institution.
Such support may be provided by granting financial assistance to the bank or financial institution, or for the bank or financial institution's benefit, for periods not exceeding 90 calendar days that may be renewed by the Authority on 5026
the basis of a programme specifying the remedial measures that the bank or financial institution will be taking.
j3)
No such commitment shall be made by the Authority under subsection
unless the bank or financial institution, in the opinion of the Authority, is solvent and can provide adequate collateral to support the loan, and the request for financial assistance is based on the need to improve liquidity.
The Authority shall determine the collateral required to adequately secure each of the credit operations mentioned in subsection (3).
{5) If the Authority discovers that the assisted bank or financial institution has not implemented the remedial measures mentioned in subsection (2), or that these measures did not achieve the results intended, the Authority shall take appropriate measures.
[6)
In all cases, the loans and credit facilities granted under this section shall be repaid within 180 calendar days.