In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Payment and Settlement Systems (Finality and Netting) Act · 2022 Revised Edition · Part · General
Payment and Settlement Systems (Finality and Netting) Act · 2022 Revised Edition · Part · General
Official textFrom Attorney General's Chambers, unchanged
The Authority may, in its discretion, compound any offence against this Act or any regulations made thereunder which is prescribed as being an offence which may be compounded by collecting from any person reasonably suspected of having committed that offence a sum not exceeding
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
$10,000.
On payment of such sum of money, no further proceedings shall be taken against that person in respect of the offence.
The Minister may, with the approval of His Majesty the Sultan and Yang Di-Pertuan, make regulations prescribing the offences which may be compounded under this Act.
All sums collected under this section shall be paid to the
Authority.
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;