Skip to content
Contents

Part IV

50. Prohibition on lending to Government

The Authority shall not grant credit to the Government or State-owned entity provided but-

5025

{a} it may purchase Government securities provided that such purchases are made on the secondary market, on market terms and

BRUNEI DARUSSALAM GOVERNMENT GAZETTE conditions, and are not used to circumvent the prohibition established in this section; and

(b)

the prov1s1ons of this section shall not apply to publicly-owned banks and other supervised publicly-owned financial entities, which shall be given the same treatment as privately-owned banks and other supervised privately-owned financial entities.

Report

Part VI

Relations with Banks and Financial Institutions

Part VII

Part VIII

General

Schedules