Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · s 30

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30.
Prohibited activities
(1)
Except as otherwise specifically authorised by this Order, the Authority shall not-
5017
{a)
grant any credit or make any significant monetary or financial gift;
{b)
engage in commerce, purchase the shares of any body corporate, including the shares of any financial institution, or otherwise have an

BRUNEI DARUSSALAM GOVERNMENT GAZETTE ownership interest in any financial, commercial, agricultural, industrial or other undertaking; or
{c)
acquire by purchase, lease, or otherwise any rights in or to immovable property, except as it shall consider necessary or expedient for the provision of premises for the conduct of its administration and operations or similar requirements incidental to the performance of its duties or functions.
(2) Notwithstanding subsection (1), the Authority may-
{a)
make adequately secured loans to, or have an ownership share or otherwise participate in, any organisation that is engaged in activities that are required or useful for the proper discharge of the Authority's own functions and duties; or
{b)
acquire, in the course of satisfaction of debts due to it, any interest or right referred to in this section; provided, however, that all such interests or rights so acquired shall be disposed of at the earliest suitable opportunity.
(3)
Any activity mentioned in subsection (2) shall be published by the
Authority in the report referred to in section 62.
Standards of good administration.

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s 30Prohibited activities

(1)

Except as otherwise specifically authorised by this Order, the Authority shall not-

5017

{a)

grant any credit or make any significant monetary or financial gift;

{b)

engage in commerce, purchase the shares of any body corporate, including the shares of any financial institution, or otherwise have an

BRUNEI DARUSSALAM GOVERNMENT GAZETTE ownership interest in any financial, commercial, agricultural, industrial or other undertaking; or

{c)

acquire by purchase, lease, or otherwise any rights in or to immovable property, except as it shall consider necessary or expedient for the provision of premises for the conduct of its administration and operations or similar requirements incidental to the performance of its duties or functions.

(2)

Notwithstanding subsection (1), the Authority may-

{a)

make adequately secured loans to, or have an ownership share or otherwise participate in, any organisation that is engaged in activities that are required or useful for the proper discharge of the Authority's own functions and duties; or

{b)

acquire, in the course of satisfaction of debts due to it, any interest or right referred to in this section; provided, however, that all such interests or rights so acquired shall be disposed of at the earliest suitable opportunity.

(3)

Any activity mentioned in subsection (2) shall be published by the

Authority in the report referred to in section 62.

Standards of good administration.