Finance Companies Act · s 38

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s 38Exemptions

(1)

This Act does not apply to -

(a)

any bank licensed under the Banking Order, 2006

(S 4512006). Islamic Banking Order, 2008 (S 9612008) or

International Banking Order, 2000 (S 5312000);

(b)

any co-operative society registered under any law of Brunei

Darussalam; or

(c)

any business of pawnbroking carried on by a person licensed under the Pawnbrokers Order, 2002 (S 6012002).

(2)

Notwithstanding any provisions in this Act, the Minister with the approval of His Majesty the Sultan and Yang Di-Pertuan, may exempt any finance company from any or all of the provisions of this Act.