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 · General
Payment and Settlement Systems (Oversight) 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 which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding one half of the amount of the maximum fine prescribed for that offence.
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
On payment of the sum of money referred to in subsection (1), 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 to prescribe the offences which may be compounded.
Minister
“Minister” means the Minister of Finance and Economy; Payment and Settlement Systems (Oversight)
All sums collected by the Authority under subsection (1) shall be paid to the Authority.
Authority
“Authority” means the Brunei Darussalam Central Bank established under the Brunei Darussalam Central Bank Order, 2010;
Minister
“Minister” means the Minister of Finance and Economy; Payment and Settlement Systems (Oversight)