Deposit Protection Act · 2023 Revised Edition · Part 4
60. Return on index-linked deposits
Official textFrom Attorney General's Chambers, unchanged
Any return referred to in section 56 or 59 in relation to a deposit held by a member institution shall be determined in accordance with regulations prescribed if a payment to be made by the member institution in respect of the deposit is to be determined, in whole or in part, by reference in any way to —
deposit
“deposit” means a deposit as defined in section 2(3) of the Banking Order, 2006, a deposit as defined in section 2(3) of the Islamic Banking Order, 2008 and a deposit as defined in section 2 of the Finance Companies Act, as the case may be;
the market price of a security, commodity or financial instrument;
the exchange rate between any 2 currencies;
a reference rate determined by reference to any one or more of those prices or rates;
a reference rate determined by reference to any one or more non-financial events; or
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deposit protection
“deposit protection” means the protection provided to the depositors of a member institution in case of its failure to pay its deposits;
any other kind of variable index or reference point as may be specified by the Corporation.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
Terms defined in s 2
Corporation
Defined · s 2“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
deposit
Defined · s 2“deposit” means a deposit as defined in section 2(3) of the Banking Order, 2006, a deposit as defined in section 2(3) of the Islamic Banking Order, 2008 and a deposit as defined in section 2 of the Finance Companies Act, as the case may be;
deposit protection
Defined · s 2“deposit protection” means the protection provided to the depositors of a member institution in case of its failure to pay its deposits;
member institution
Defined · s 2“member institution” means any financial institution deemed to be a member institution under section 27 whose membership has not been cancelled under section 31 or terminated under section 32;
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