Payment and Settlement Systems (Oversight) Act · 2022 Revised Edition · Part · Payment Instruments
42. Requirement to submit information
Official textFrom Attorney General's Chambers, unchanged
An issuer shall, within such time as the Authority may specify, submit to the Authority all such documents and information regarding the payment instrument as the Authority may require.
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;
The documents and information referred to in subsection (1) shall include documents and information relating to any user of the payment instrument and the business, affairs, statistics and information on
payment instrument
“payment instrument” means any instrument, whether tangible or intangible, that enables a person to obtain money, goods or services or to otherwise make payment;
Payment and Settlement Systems
(Oversight)
transactions relating to the payment instrument as the Authority may specify under subsection (1).
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
The provisions of subsection (1) shall be without prejudice to, and shall not in any manner derogate from, any other power conferred on the
Authority or an investigating officer under this Act.
The provisions of this section shall have effect notwithstanding any written law as to secrecy or other restriction on the disclosure of information or of any oath, undertaking or requirement of secrecy, to the contrary, or of any obligation under any contract, agreement or arrangement, whether express or implied, to the contrary.
Terms defined in this Act
Authority
Defined · s 2“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
business
Defined · s 31“business” includes affairs, property, right, obligation and liability;
issuer
Defined · s 2“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;
payment instrument
Defined · s 2“payment instrument” means any instrument, whether tangible or intangible, that enables a person to obtain money, goods or services or to otherwise make payment;
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