42. Supervisory functions

( 1)

The Authority shall be exclusively responsible for the regulation, licensing, registration and supervision of banks and financial institutions operating in Brunei Darussalam.

For the purpose of subsection ll), section 44(2) shall apply.

Without prejudice to subsection (2), banks and financial institutions shall furnish the Authority with such information concerning their operations and financial condition as the Authority may require.

The Authority may disclose information and data obtained under subsections (2) and (3) in whole or in part in aggregate form for classes of banks and financial institutions determined in accordance with the nature of their business.