In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Payment and Settlement Systems (Oversight) Act · 2022 Revised Edition · Part · Payment Instruments
Payment and Settlement Systems (Oversight) Act · 2022 Revised Edition · Part · Payment Instruments
Official textFrom Attorney General's Chambers, unchanged
No person shall issue a designated payment instrument unless he has —
designated payment instrument
“designated payment instrument” means a payment instrument prescribed as a designated instrument under section 35(1);
submitted to the Authority the documents and information as the Authority may prescribe;
paid the prescribed fee; and
obtained a written approval from the Authority to issue a designated payment instrument.
The Authority may in giving its approval —
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
require all or any of the documents submitted to be modified and altered as it may deem necessary; and
impose such conditions as it may deem fit.
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
designated payment instrument
“designated payment instrument” means a payment instrument prescribed as a designated instrument under section 35(1);
Part
Part