In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Deposit Protection Act · 2023 Revised Edition · Chapter 4
Deposit Protection Act · 2023 Revised Edition · Chapter 4
Official textFrom Attorney General's Chambers, unchanged
The Corporation may appoint such officers and employees as are necessary for carrying on the business and affairs of the Corporation and such officers and employees shall hold office for such periods, receive such
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
Deposit Protection salaries, allowances and benefits, and shall be subject to such terms and conditions of service as may be determined by the Board.
deposit protection
“deposit protection” means the protection provided to the depositors of a member institution in case of its failure to pay its deposits;
An officer or employee of the Corporation shall act in good faith and comply with such requirements, standards, duties and code of conduct as set out by the Board.
The Corporation may, with the approval of the Board, establish and maintain a pension or provident fund for its officers and employees out of the monies of the Corporation.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
deposit protection
“deposit protection” means the protection provided to the depositors of a member institution in case of its failure to pay its deposits;
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