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
Where the Authority has prescribed the documents and information under subsection (2), an issuer of a designated payment instrument shall submit to the Authority particulars of any proposed change to the documents or information within 30 days prior to the making of such change.
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
The Authority, in prescribing the documents and information to be submitted under section 36(1), may also prescribe the documents and information to which subsection (1) applies.
Where it appears to the Authority that such change is inappropriate, the Authority may, before the expiry of the 30 days referred to in subsection (1) —
prohibit the issuer from making such change; or
require the issuer to make any other changes as the Authority may specify.
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);
issuer
“issuer” means any person, acting alone or under an arrangement with another person, who undertakes to be responsible for the payment obligation in respect of a payment instrument resulting from the user being issued with or using the payment instrument;
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