22. General prohibition

No person may carry or hold himself out as carrying on or purporting to carry on a regulated activity in Brunei Darussalam unless he is -

The prohibition is referred to in this Order as the general prohibition.

The contravention does not -

In prescribed cases, the contravention is actionable at the suit of a person who suffers loss as a result of the contravention, subject to the defence under subsection (6).

Any person who contravenes the general prohibition is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.

In proceedings for contravention of the general prohibition, it is a defence for the accused to show that he has taken all reasonable precautions and has exercised all due diligence to avoid committing the offence.