Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part I · Preliminary
1. Citation, commencement and long title
Official textFrom Attorney General's Chambers, unchanged
This Order may be cited as the Autoriti Monetari Brunei Darussalam
Order, 2010 and shall commence on the 1st. day of January, 2011.
The long title of this Order is "An Order to establish and incorporate the
Autoriti Monetari Brunei Darussalam to act as the central bank of Brunei
bank
"bank" means- {a} in relation to Brunei Darussalam, a bank licensed under sections 4 or 23 of the Banking Order, 2006 (S 45/06), an international bank licensed under section 7 of the International Banking Order, 2000 {S 53/00) and an Islamic bank licensed under sections 4 or 23 of the Islamic Banking Order, 2008 (S 96/08); {b) in relation to any country, territory or place outside Brunei Darussalam, a person lawfully carrying on therein business corresponding in whole, in part or in substance to "banking business" as defined in section 2(1) of the Banking Order, 2006 (S 45/06) or in section 2(1) of the International Banking Order, 2000 {S 53/00); and includes Islamic banking business as defined in section 2(1) of the Islamic Banking Order, 2008 (S 96/08);
Darussalam, to formulate and implement monetary policy, to advise the
Government on monetary arrangements and to supervise financial institutions, and to provide for the transfer to it certain other functions and assets of the
Government and for matters connected therewith or incidental thereto".
Terms defined in s 2
bank
Defined · s 2"bank" means- {a} in relation to Brunei Darussalam, a bank licensed under sections 4 or 23 of the Banking Order, 2006 (S 45/06), an international bank licensed under section 7 of the International Banking Order, 2000 {S 53/00) and an Islamic bank licensed under sections 4 or 23 of the Islamic Banking Order, 2008 (S 96/08); {b) in relation to any country, territory or place outside Brunei Darussalam, a person lawfully carrying on therein business corresponding in whole, in part or in substance to "banking business" as defined in section 2(1) of the Banking Order, 2006 (S 45/06) or in section 2(1) of the International Banking Order, 2000 {S 53/00); and includes Islamic banking business as defined in section 2(1) of the Islamic Banking Order, 2008 (S 96/08);
Part II
Establishment and Capital of Authority
Part III
Part IV
Part VI
Relations with Banks and Financial Institutions
Part VII
Part VIII