Finance Companies Act · 2021 Revised Edition · Part · Licensing of Finance Companies
4. Use of words "finance company"
Official textFrom Attorney General's Chambers, unchanged
No person or body of persons, whether incorporated or not, other than a finance company licensed under this Act shall, without the consent of the
finance company
"finance company" means any company licensed under this Act, to carry on financing business or Islamic financing business, and all branches and offices in Brunei Darussalam of such a company is deemed to be one finance company for the purpose of this Act:
Authority -
Authority
"Authority" means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010 (S 103120 10); [S 1 7/2 02 I]
use the words "finance company" or any of its derivatives in any language, or any other words indicating that it transacts financial business, in the name, description or title under which such persons or body of persons is transacting business in Brunei Darussalam; or
make or continue to make any representations to such effect in any bill-head, letter paper, notice. advertisement or in any other manner whatsoever:
10
Finance Companies
Provided that nothing in this section shall prohibit an association of finance companies formed for the protection of common interests from using the words "finance company" or any of its derivatives in any language as part of its name or description of its activities.
Terms defined in s 2
Authority
Defined · s 2"Authority" means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010 (S 103120 10); [S 1 7/2 02 I]
finance company
Defined · s 2"finance company" means any company licensed under this Act, to carry on financing business or Islamic financing business, and all branches and offices in Brunei Darussalam of such a company is deemed to be one finance company for the purpose of this Act:
Part
Reserve Funds, Dividends, Balance Sheets and Information
Part
Regulation of Business
Part
Minimum Liquid Assets
Part
Inspection of Finance Companies
Part 7
Part