Payment and Settlement Systems (Oversight) Act · s 31

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31.
Interpretation of sections 31, 32 and 33
In this section and sections 32 and 33, unless the context otherwise requires —
“business” includes affairs, property, right, obligation and liability;
“Court” means the High Court or a Judge thereof;
“debenture” has the same meaning as in the Schedule of the Securities
Markets Order, 2013 (S 59/2013);
“property” includes property, right and power of every description;

Payment and Settlement Systems
(Oversight)
38

“Registrar of Companies” means the Registrar of Companies appointed under the Companies Act (Chapter 39) and includes any
Deputy or Assistant Registrar of Companies appointed under that Act;
“transferee” means a person who is carrying on, or who intends to carry on, in Brunei Darussalam the usual business of an operator or a settlement institution of a designated payment system, to which the whole or any part of a transferor’s business is, is to be or is proposed to be, transferred under section 32(1);
“transferor” means an operator or a settlement institution of a designated payment system the whole or any part of the business of which is, is to be, or is proposed to be, transferred under section 32(1).

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s 31Interpretation of sections 31, 32 and 33

In this section and sections 32 and 33, unless the context otherwise requires —

“business” includes affairs, property, right, obligation and liability;

“Court” means the High Court or a Judge thereof;

“debenture” has the same meaning as in the Schedule of the Securities

Markets Order, 2013 (S 59/2013);

“property” includes property, right and power of every description;

Payment and Settlement Systems

(Oversight)

“Registrar of Companies” means the Registrar of Companies appointed under the Companies Act (Chapter 39) and includes any

Deputy or Assistant Registrar of Companies appointed under that Act;

“transferee” means a person who is carrying on, or who intends to carry on, in Brunei Darussalam the usual business of an operator or a settlement institution of a designated payment system, to which the whole or any part of a transferor’s business is, is to be or is proposed to be, transferred under section 32(1);

“transferor” means an operator or a settlement institution of a designated payment system the whole or any part of the business of which is, is to be, or is proposed to be, transferred under section 32(1).