Skip to content
Back to the text

Deposit Protection Act · s 22

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 22Permitted investments

(1)

The Corporation may invest in —

(a)

any stocks, funds, shares or securities in companies incorporated or operating in Brunei Darussalam; and

(b)

any investment in any entity or instrument of issuers based in any other country or territory alternating or originating in any other currency, including —

(i)

any obligation of a corporation, commercial bank or a bank-holding company, asset-backed security and mortgage-backed security issued or unconditionally guaranteed by a corporate entity or trust; any repurchase and reverse repurchase agreement with a major commercial bank or a primary dealer;

(ii)

futures, forwards, options contracts or swaps on any investment which are traded on an exchange;

(iii)

any security listed and traded on an exchange;

(iv)

any exchange-traded funds, instruments that provide exposure to market indices for any investment, a private equity fund and a hedge fund;

(v)

any Islamic financial instrument;

(vi)

any bullion, commodity and currency;

(vii)

any other specific investment not included in this subsection as may be approved by the Corporation.

(2)

Any investment from the fund shall be in accordance with

Hukum Syara’.