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International Insurance and Takaful Order, 2002 · s 18

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s 18Notification of change of information

(1)

Every licensee which is an IEC or a company incorporated under the

Companies

Act (Chapter

39) shall, prior to the making of any amendment or alteration to any of its constituent documents, or prior to any change of its controller, any director or chief executive officer, furnish to the

Authority particulars in the prescribed form of any such proposed amendment, alteration or change, for the approval of the Authority.

(2)

Every licensee which is a foreign international company or a company registered under

Part IX of the Companies

Act (Chapter

39) shall, upon the making of any amendment or alteration to any of its constituent documents, or prior to any change of its controller, any director or chief executive officer within

Brunei

Darussalam, notify the Authority in the prescribed form of any such amendment, alteration or change.

(3)

Any person who contravenes this section is guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.