Legislation And Regulations

Legislation, Notices and Regulations

Last modified: 08/03/2023 08:35 AM |

by: i:0#.w|bnmof\mohayazeed_jasni

‭(Hidden)‬ Content Editor ‭[8]‬

Brunei Darussalam Central Bank Order, 2010 (BDCBO)

Notices & Guidelines

Notice No. TRS/N-1/2023/2	Notice on Technology Risk Management	Issued 14 Feb 2023
Notice No.FIU/N-1/2022/1	Notice on Measures for Non-Face-to-Face Customer Onboarding and Ongoing Customer Due Diligence	Issued 14 Jul 2022
Guidelines No.FIU/G-1/2022/1	Guidelines on Measures for Non-Face-to-Face Customer Onboarding and Ongoing Customer Due Diligence	Issued 14 Jul 2022
Notice No.FIU/N-1/2022/1	APPENDIX 1 - Application For Approval Notice On Measures For-Non-Face-To-Face Customer Onboarding and Ongoing Customer Due Diligence
Guidelines No. TRS/G-2/2022/1	Guidelines on Technology Risk Management	Issued 20 Jan 2022
Guidelines No. TRS/G-3/2022/1	Guidelines on IT Third Party Risk Management	Issued 20 Jan 2022
Notice FTU/N-1/2017/1 AMMENDMENT NO. 1	Early Detection of Cyber Intrusion and Incident Reporting Near-miss IT incident report Major IT Incident Report Form	Issued 26 Oct 2017
Notice RIBC/N-1/2016/(1)	Suspension of Services	Issued 23 May 2016
Notice No. CMS/4/2014	Commencement of Securities Market Regulations, 2014	Issued 01 Feb 2015
Notice No. CMS/2/2014	Withdrawal of Exemptions Granted Under The Repealed Securities Order, 2001 and Mutual Funds Order, 2001	Issued 29 Jan 2015
Notice No. CMS/3/2014	Registration of Investment-Linked Insurance Contracts	Issued 17 Nov 2014)
Notice No. CMS/1/2014	Exemption from Public Offering Registration Requirement	Issued 22 Aug 2014)
Notice No. CMS/2/2014	Withdrawal of Exemptions Granted Under The Repealed Securities Order, 2001 and Mutual Funds Order, 2001	Issued 22 Aug 2014)
Guidelines No. ITS/G-3/2014	Guidelines on Fit and Proper Criteria for Key Responsible Persons in Insurance and Takaful	Issued 01 Jul 2014 (Repealed on 03 Jan 2018)
Notice No. AMBD/MD/PSS/10/2013/1	Improvement of Cheque Clearing Cycle	Issued 29 Aug 2013)

Banking

Banking

Banking Order, 2006

Islamic Banking Order, 2008

Islamic Banking (Miscellaneous Provisions) Regulations, 2008

Finance Companies Act, Chapter 89

Tabung Amanah Islam Brunei Act, Chapter 163

International Banking Order, 2000

International Banking (Fees, Forms and Miscellaneous Provisions) Regulations, 2000

Hire Purchase Order, 2006

Notices & Guidelines

Framework for Domestic Systematically Important Banks in Brunei Darussalam

Banks

Notices: -

Title Reference Number Date of Issuance
Notice On Reporting Of Fraud Incidents
Appendix 1 Suspected Or Confirmed Fraud Case(S) Reporting Form
Notice No. BU/N-3/2022/74
14-Jul-2022
Notice on Publication And Exhibition of Audited Financial Statements for the Financial Year Ending 31st December 2021
Notice No. BU/N-1/2022/72
08 February 2022
Notice on Minimum Cash Balance (MCB) Requirement
MCB Reporting Template.xlsx
List of Eligible Liabilities and Determining MCB Liability Base
Notice No. BU/N-14/2017/49 -
Amendment No. 1
21 January 2022
Temporary Regulatory Measures
Notice No. BU/N-1/2020/65 - Amendment No. 3
11 January 2022
Temporary Regulatory Measures
(amended: 11 January 2022)
Notice No. BU/N-1/2020/65 - Amendment No. 2
14 August 2021
Revocationof Notice of Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems
Notice No. BU/N-3/2021/70
02 April 2021
Pillar 3 - Public Disclosure Requirements
ANNEX-1
Notice No. BU/N-1/2021/68
02 April 2021
Temporary Regulatory Measures
(Amended 14 August 2021)
Notice No. BU/N-1/2020/65 - Amendment No. 1
27 February 2021
Early Detection of Cyber Intrusion and Incident Reporting
Near Miss Incident Reporting Form
Major IT Incident Reporting Form
Notice No. TRS/N-1/2020/1
18 August 2020
Temporary Regulatory Measures (amended: 27 February 2021)
Notice No. BU/N-1/2020/65
15 April 2020
Bank's Recovery Plan
Notice No. BU/N-3/2019/63
20 December 2019
Supervisory Review and Evaluation Process (SREP)
ANNEX 1

Notive No. BU/N-9/2018/59 - Amendment No. 1
27 November 2019
Forms of Assets Approved by The Authority
Notice No: 1/2007 - Amendment No. 1
20 November 2019
Prudential Treatment of Problem Assets and Accounting for Expected Credit Losses
Notice No. BU/N-7/2018/57
27 December 2018
Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems (revoked on 02 April 2021)
Notice No. BU/N-1/2018/51 – Amendment No. 1
27 December 2018
Bancassurance Arrangement
Notice No. BU/N-5/2018/55 02 January 2018
ks)
ANNEX 1 Pillar 3 - Public Disclosure Requirements
Notice No. BU/N-3/2018/53 02 January 2018
Disclosure on Credit Risk Management, Internal Audit Function, Compliance and Compliance Function (amended: 27 December 2018)
Notice No. BU/N-1/2018/51 02 January 2018
Total Debt Service Ratio
Notice No. BU/N-9/2017/44 – Amendment No. 1 09 November 2017
Unsecured Personal Credit Facility
Notice No NO. BS/N-2/2015/31 – Amendment No. 2 09 November 2017
Minimum Cash Balance Requirement
No. BU/N-14/2017/49 01 December 2017
Credit Card
Notice No. BU/N-12/2017/47 13 September 2017
Total Debt Service Ratio (amended: 9th November 2017)
Notice No. BU/N-9/2017/44
10 August 2017
Appointment of Key Responsible Persons
Notice No. BU/N-6/2017/41 08 June 2017
Regulation of Interest Rates
Notice No. 1/2013 - Amendment No. 1 12 May 2017
Maintenance of Capital Adequacy Ratio
Annex 1 - Capital Adequacy Framework
Notice No. BU/N-3/2017/38 15 March 2017
Classification of Impaired Credit/Financing Facilities and Financial Assets for Provisioning Purposes
Notice No. BU/N-5/2017/40 15 March 2017
Disclosure of Corporate Governance Arrangements
Notice No. BU/N-1/2017/36 02 March 2017
Revocation Charged-Backed (Mortgage) Loans for Consolidation Purposes
Notice No. 4/2012 08 December 2016
Appointment of External Auditors
Notice No. AMBD/R/32/2013/2 – Amendment No. 1 04 July 2016
Total Debt Service Ratio (repealed: 10 August 2017)
Notice No. BS/N-1/2015/30 Amendment No. 1
28 October 2015
Credit Cards (repealed: 13th September 2017)
Notice No. 1/2012 – Amendment No. 1 28 October 2015
Service Fees/Charges
Corrigendum to Notice No. BS/N-6/2015/35 05 June 2015
Service Fees/Charges
Notice No. BS/N-6/2015/35 28 May 2015
Consolidation Loan Scheme
Notice No. BS/N-4/2015/33 28 May 2015
Unsecured Personal Credit Facility Notice No. BS/N-4/2015/31 28 May 2015
Total Debt Service Ratio (amended: 28th October 2015) Notice No. BS/N-4/2015/30 28 May 2015
Appointment of External Auditors (repealed: 4^th July 2016)
Notice No. AMBD /R/32/2013/2 29 August 2013
Deregulation of Interest Rates on Residential Property Loans
Notice No. BO/2/2014 03 October 2014
Power of Authority to Compound
Notice No.1/2014 01 July 2014
Regulation of Interest Rates on Residential Property Loans (revoked: 3^rd October 2014) Notice No.2/2013 07 March 2013
Regulation of Interest Rates (amended: effective from 12th May 2017)
Notice No.1/2013 07 March 2013
Charge-Backed (Mortgage) Loans for Consolidation Purposes (Revoked on 8th December 2016) Notice No.4/2012 20 November 2012
Submission And Usage Of Customer Credit Information To And From CBAMBD
Notice No.3/2012 10 September 2012
Personal Guarantees
Notice No.2/2012 10 August 2012
Credit Cards (repealed: 28^th October 2015) Notice No.1/2012 20 January 2012
Unclaimed Balances
Notice No.2/2010 06 March 2010
Credit Cards (repealed: 20^th January 2012) Notice No.1/2010 30 December 2009
Credit (Financing Facilities)
Notice No.3/2009 08 June 2009
Maintenance of Statutory Reserve Fund and Distribution of Profits
Notice No.2/2009 06 April 2009
Classification of Advances as Non-Performing and Treatment of Interest on Non-Performing Advances (repealed: 15th March 2017)
Notice No.1/2009
03 March 2009
Forms of Assets Approved by The Authority
Notice No.1/2007 17 September 2007

Guidelines: -

Title Reference Number Date of Issuance
Guidelines on Operational Risk Management
Annex 1
Guidelines No. BU/G-1/2022/22
14-Jul-2022
Guidelines on Market Risk Management
ANNEX
1
Guidelines No. BU/G-1/2020/20
17 April 2020
Risk Management Framework
ANNEX 1
Guidelines No. BU/G-9/2018/17
27 December 2018
Internal Control Systems (Banks)
ANNEX 1
Guidelines No. BU/G-7/2018/15 02 January 2018
Compliance and Compliance Function (Banks)
ANNEX 1
Guidelines No. BU/G-5/2018/13 02 January 2018
Internal Audit Function (Banks)
ANNEX 1
Guidelines No. BU/G-3/2018/11 02 January 2018
Credit Risk Management (Banks)
ANNEX 1
Guidelines No. BU/G-1/2018/9 02 January 2018
Advertisement of Banking Products and Services
ANNEX 1
Guidelines No. BU/G-3/2017/7 13 September 2017
Corporate Governance for Banks
ANNEX 1
Guidelines No. BU/G-1/2017/5 02 March 2017
Information Technology Risk Management
Guidelines No.BS/G-1/2015/4 29 December 2015
Outsourcing

7 September 2012
Provision for Bad and Doubtful Debts (repealed: 15th March 2017)
Guidelines No .1/2009 3 March 2009

Islamic Banks

Notices: -

Title Reference Number Date of Issuance
Notice On Reporting Of Fraud Incidents
Appendix 1 Suspected Or Confirmed Fraud Case(S) Reporting Form.
Notice No. BU/N-4/2022/75
14-Jul-2022
Notice on Publication And Exhibition of Audited Financial Statements for the Financial Year Ending 31st December 2021
Notice No. BU/N-2/2022/73
08 February 2022
Notice on Minimum Cash Balance (MCB) Requirement
MCB Reporting Template.xlsx
List of Eligible Liabilities and Determining MCB Liability Base
Notice No. BU.N-15/2017/50
Amendment No. 1
21 January 2022
Temporary Regulatory Measures
Notice No. BU/N-2/2020/66 – Amendment No. 3
11 January 2022
Temporary Regulatory Measures
(amended: 11 January 2022)
Notice No. BU/N-2/2020/66 – Amendment No. 2
14 August 2021
Revocation of Notice of Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems
Notice No. BU/N-4/2021/71
02 April 2021
Pillar 3 - Public Disclosure Requirements
ANNEX-1
Notice No. BU/N-2/2021/69
02 April 2021
Temporary Regulatory Measures
(Amended 14 August 2021)
Notice No. BU/N-2/2020/66 – Amendment No. 1
27 February 2021
Early Detection of Cyber Intrusion and Incident Reporting
Near Miss Incident Reporting Form
Major IT Incident Reporting Form
Notice No. TRS/N-1/2020/1
18 August 2020
Temporary Regulatory Measures (amended: 27 February 2021)
Notice No. BU/N-2/2020/66
15 April 2020
Islamic Bank's Recovery Plan
Notice No. BU/N-4/2019/64
20 December 2019
Supervisory Review and Evaluation Process (SREP)
ANNEX 1
Notice No. BU/N-10/2018/60 - Amendment No. 1
27 November 2019
Forms of Assets Approved by the Authority
Notice No. BU/N-1/2019/61
20 November 2019
Prudential Treatment of Problem Assets and Accounting for Expected Credit Losses
Notice No. BU/N-7/2018/57
27 December 2018
Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems (revoked on 02 April 2021)
Notice No. BU/N-2/2018/52 – Amendment No. 1
27 December 2018
Bancatakaful Arrangement
Notice No. BU/N-5/2017/56 02 January 2018
Pillar 3 - Public Disclosure Requirements
ANNEX 1
Notice No. BU/N-4/2018/54 02 January 2018
Disclosure on Credit Risk Management, Internal Audit Function, Compliance and Compliance Function (amended: 27th December 2018)
Notice No. BU/N-2/2018/52 02 January 2018
Total Debt Service Ratio
No. BU/N-10/2017/45 – Amendment No. 1
09 November 2017
Unsecured Personal Financing
No. BS/N-3/2015/32 – Amendment No. 2
09 November 2017
Minimum Cash Balance Requirement
No. BU/N-15/2017/50 01 December 2017
Credit Card
Notice No. BU/N-13/2017/48 13 September 2017
Total Debt Service Ratio (amended: 9th November 2017)
Notice No. BU/N-10/2017/45
10 August 2017
Appointment of Key Responsible Persons
Notice No. BU/N-7/2017/42 08 June 2017
Regulation of Profit Rates
Notice No. 1/2013 - Amendment No. 1 12 May 2017
Maintenance of Capital Adequacy Ratio
Annex 1 - Capital Adequacy Framework
Notice No. BU/N-3/2017/38 15 March 2017
Classification of Impaired Credit/Financing Facilities and Financial Assets for Provisioning Purposes
Notice No. BU/N-5/2017/40 15 March 2017
Disclosure of Corporate Governance Arrangements
Notice No. BU/N-2/2017/37 02 March 2017
Revocation Charge-Backed (Mortgage) Financing for Consolidation Purposes
Notice No .4/2012 08 December 2016
Appointment of External Auditors
Notice No. AMBD/R/32/2013/2 – Amendment No. 1 4 July 2016
Total Debt Service Ratio (repealed: 10 August 2017)
Notice No. BS/N-1/2015/30 Amendment No. 1
28 October 2015
Credit Cards (repealed: 13th September 2017)
Notice No. 1/2012 – Amendment No. 1 28 October 2015
Service Fees/Charges
Corrigendum to Notice No. BS/N-6/2015/35 05 June 2015
Service Fees/Charges
Notice No. BS/N-6/2015/35 28 May 2015
Consolidation Financing Scheme
Notice No. BS/N-5/2015/34 28 May 2015
Unsecured Personal Financing Facility
Notice No. BS/N-4/2015/32 28 May 2015
Total Debt Service Ratio (amended: 28th October 2015)
Notice No. BS/N-1/2015/30
28 May 2015
Deregulation of Profit Rates on Residential Property Financing
Notice No. IBO/2/2014 03 October 2014
Power of Authority to Compound
Notice No.1/2014 01 July 2014
Appointment of External Auditors
Notice No. AMBD /R/32/2013/2 29 August 2013
Regulation of Profit Rates (amended: 12th May 2017)
Notice No.1/2013 7 March 2013
Regulation of Profits Rates on Residential Property Financing (revoked: 3^rd October 2014) Notice No.2/2013 7 March 2013
Charge-Backed (Mortgage) Financing for Consolidation Purposes (revoked: 8^th December 2016) Notice No.4/2012 20 November 2012
Submission And Usage Of Customer Credit Information To And From CBAMBD
Notice No.3/2012 10 September 2012
Personal Guarantees
Notice No.2/2012 10 August 2012
Credit Cards (repealed: 28^th October 2015) Notice No.1/2012 20 January 2012
Unclaimed Balances
Notice No.3/2010 6 March 2010
Classification of Financing as Non-Performing and Treatment of Profit on Non-Performing Financing (repealed: 15th March 2017)
Notice No.2/2010 12 January 2010
Credit Cards (repealed: 20^th January 2012) Notice No.1/2010 30 December 2009
Maintenance of Statutory Reserve Fund and Distribution of Profits
Notice No.2/2009 25 August 2009
Financing Facilities
Notice No.1/2009 8 June 2009

Guidelines: -

Title Reference Number Date of Issuance
Guidelines on Operational Risk Management
Annex 1
Guidelines No. BU/G-2/2022/23
14-Jul-2022
Guidelines on Market Risk Management
ANNEX 1
Guidelines No. BU/G-2/2020/21
17 April 2020
Risk Management Framework
ANNEX 1
Guidelines No. BU/G-10/2018/18
27 December 2018
Internal Control Systems
ANNEX 1
Guidelines No. BU/G-8/2018/16 02 January 2018
Compliance and Compliance Function
ANNEX 1
Guidelines No. BU/G-6/2018/14 02 January 2018
Internal Audit Function
ANNEX 1
Guidelines No. BU/G-4/2018/12 02 January 2018
Credit Risk Management (Islamic Banks)
ANNEX 1
Guidelines No. BU/G-2/2018/10 02 January 2018
Advertisement of Banking Products and Services
ANNEX 1
Guidelines No. BU/G-4/2017/8 13 September 2017
Corporate Governance for Islamic Banks
ANNEX 1
Guidelines No. BU/G-2/2017/6 02 March 2017
Information Technology Risk Management
Guidelines No.BS/G-1/2015/4 29 December 2015
Outsourcing
7 September 2012
Provision for Bad and Doubtful Financing
Guidelines No.1/2010 12 January 2010

Finance Companies

Notices: -

Title Reference Number Date of Issuance
Maintenance of Capital Adequacy Ratio
Annex 1 - Capital Adequacy Framework
Notice No. BU/N-5/2022/76
14-Jul-2022
Notice On Reporting Of Fraud Incidents
Appendix 1 Suspected Or Confirmed Fraud Case(S) Reporting Form
Notice No. BU/N-5/2022/76
14-Jul-2022
Temporary Regulatory Measures

Notice No. BU/N-3/2020/67 – Amendment No. 3
11 January 2022
Temporary Regulatory Measures
(amended: 11 January 2022)
Notice No. BU/N-3/2020/67 – Amendment No. 2
14 August 2021
Temporary Regulatory Measures
(Amended 14 August 2021)

Notice No. BU/N-3/2020/67 – Amendment No. 1
27 February 2021
Temporary Regulatory Measures (Amended: 27 February 2021)

Notice No. BU/N-3/2020/67
15 April 2020
Corporate Governance
Notice No. BU/N-2/2019/62
27 November 2019
Prudential Treatment of Problem Assets and Accounting for Expected Credit Losses
Notice No. BU/N-8/2018/58
27 December 2018
Total Debt Service Ratio
Notice No. BU/N-11/2017/46 – Amendment No. 1
09 November 2017
Appointment of Key Responsible Persons Notice No. BU/N-8/2017/43 08 June 2017
Appointment of External Auditors
Notice No. AMBD/R/32/2013/2 – Amendment No. 1 4 July 2016
Service Fees/Charges
Corrigendum to Notice No. BS/N-6/2015/35 05 June 2015
Service Fees/Charges Notice No. BS/N-6/2015/35 28 May 2015
Appointment of External Auditors Notice No. AMBD /R/32/2013/2 29 August 2013
Maximum Financing Rate for New & Used Motor Vehicles (Excluding Motorcycles) Notice No. AMBD/R/32/2013/1 7 March 2013
Direction to Finance Companies: Submission And Usage Of Customer Credit Information To And From CBAMBD Notice No. AMBD/R/54/2012/1 10 September 2012
Personal Guarantees Notice No. AMBD/R/32/2012/2 10 August 2012
Credit (Financing) Facilities Notice No. AMBD/R/32/2012/1 27 July 2012

Guidelines: -

Title Reference Number Date of Issuance
Guidelines on Corporate Governance for Finance Companies
ANNEX I - Guidelines on Corporate Governance for Finance Companies
Guidelines N. BU/G-1/2019/19
27 November 2019
Information Technology Risk Management Guidelines No.BS/G-1/2015/4 29 December 2015

Specialized Market

Moneylenders Act, Chapter 62
- Section 79 of AMBD Order, 2010

Specialised Market

Moneylenders Act, Chapter 62
Notices and Guidelines
Notices

Title	Reference No.	Issuance Date
Notice on Temporary Regulatory Relief Measure for Money-Changing Business	NOTICE NO. SM/N-1/2021/1 - Amendment No 2	21 December 2021

Guidelines

Title	Reference No.	Issuance Date
Guidelines For Remittance Collection Service	GUIDELINE NO: SM/G-1/2021/3	01 April 2021
Guideline on Standard Technology Risk Management	GUIDELINE NO: TRS/G-1/2019/1	26 November 2019
Guideline on Minimum Standards for A Remittance System	GUIDELINE NO: SM/G-1/2020/1	12 February 2020
Guideline on Minumum Requirements for Money-Changing and Remittance Business Compliance Officer	GUIDELINE NO: SM/G-2/2020/2	3 June 2020

Capital Market

Capital MarketSecurities Market Order, 2013

Subsidiary Legislations
Securities Markets (Compoundable Offences) Regulations, 2014
Securities Markets (Fees) Regulations, 2014
Securities Markets Regulations, 2014
Securities Markets (Recognised Collective Investment Scheme)(Designated Countries And Territories) Order, 2020

Notices:
Title Reference Number Date of Issuance
Notice on Licensing Examination - Amendment No.2
Appendix 1
Notice No. CMA/N-1/2018/11
01-Feb-2023
Notice on Selling and Offering of Complex Securities
Notice No. CMA/N-1/2022/17
01-Oct-2022
Notice on Academic Qualification and Work Experience Requirement for Capital Markets Services Representative's Licence

Notice No. CMA/N-1/2022/16 02 February 2022
Notice on Outsourcing for Capital Markets Services Licence Holders.
Notice No. CMA/N-1/2020/15 15 April 2020
Notice on Providing Market Access to a Foreign Market
Notice No. CMU/N-2/2019/14 04 Nov 2019
Notice on Licensing Examination [Amendment No.1]
Notice No. CMU/N-1/2018/11 13 May 2019
Notice on Peer to Peer Financing Platform Operators
Notice No. CMU/N-1/2019/13
10 April 2019
Notice on Offering of Debentures to Retail Investors
Notice No. CMU/N-1/2018/12 05 September 2018
Corrigendum Notice on Offering of Structured Products
Notice No. CMU/N-3/2017/8 07 August 2018
Notice on Licensing Examination
Notice No. CMU/N-1/2018/11 06 July 2018
Notice on Offering of Debentures [Amendment No.1] Notice No. CMU/N-3/2017/8 05 June 2018
Notice on Offering of Structured Products
Notice No. CMU/N-5/2017/10 15 December 2017
Notice to Vary the Requirements of Regulation 40, SMR Notice No. CMU/N-4/2017/9 13 December 2017
Notice on Offering of Debentures Notice No. CMU/N-3/2017/8 13 December 2017
Public Offering Registration Requirement for Investment-linked Insurance Contracts Notice No. CMU/N-2/2017/7 06 October 2017
Equity Based Crowdfunding Platform Operators
Notice No. CMU/N-1/2017/6 10 August 2017
Notification on Private Offerings and Exempt Securities and Transactions
Notice No. CMU/N-1-2016/5 30 December 2016
Commencement of Securities Markets Regulations, 2014 Notice No. CMS/4/2015 28 January 2015
Registration of Investment-Linked Insurance Contracts Notice No. CMS/3/2014 19 November 2014
Withdrawal of Exemptions Granted Under The Repealed Securities Order, 2001 and Mutual Funds Order, 2001 Notice No. CMS/2/2014 25 August 2014
Exemption from Public Offering Registration Requirement
Notice No. CMS/1/2014 25 August 2014

Guidelines:

Title Reference Number Date of Issuance
Guidelines on Conducting The Regulated Activity of Giving or Offering Investment Advice - Amendment No.1

Guidelines No. CMU/G-6/2019/1 01-Feb-2023
Guidelines on Offering and Trading of Security Tokens
Guidelines No. CMA/G-3/2022/12
01-Nov-2022
Guideline on Selling or Offering of Complex Securities to Accredited and Expert Investors
Guidelines No. CMU/G-2/2022/11 01-Oct-2022
Guideline on the Issuance of Debentures

Guideline No. CMA/G-1/2022/10
01 March 2022
Guideline on Handling of Conflict of Interest upon Promoting Research Report
Guideline No. CMU/G-2/2020/9 24 December 2020
Guideline on Outsourcing for Capital Markets Services Licence Holders
Guideline No. CMU/G-1/2020/8
15 April 2020
Corrigendum - Guideline on Conducting the Regulated Activity of Giving or Offering Investment Advice
Guideline No. CMU/G-6/2019/1 25 March 2020
Guideline to Persons Seeking for Exemption Under Section 158(2)(b) and 159(1)(f), Securities Markets Order, 2013 From Holding A Capital Markets Services License and Capital Markets Services Representative's Licence Respectively To Provide Investment Advice Upon Client's Request (Amendment No. 1)
Guideline No. CMU/G-3/2017/3 – Amendment No. 1
01 January 2020
Guideline on Providing Market Access to a Foreign Market
Guideline No. CMU/G-2/2019/7 04 November 2019
Guideline on Conducting the Regulating Activity of Giving or Offering Investment Advice
Guideline No. CMU/G-6/2019/1
01 November 2019
Guideline on Conducting Islamic Investment Business - Dealing and Arranging Deals in Investments
Guideline No. CMU/G-5/2017/5 14 December 2017
Guideline on Application to Carry on Islamic Investment Business
Guideline No. CMU/G-4/2017/4 14 December 2017
Guideline to Persons Seeking for Exemption Under Section 158(2)(b) and 159(1)(f), Securities Markets Order, 2013 From Holding A Capital Markets Services License and Capital Markets Services Representative's Licence Respectively To Provide Investment Advice Upon Client's Request
Guideline No. CMU/G-3/2017/3 04 December 2017
Guideline on Licensing and Recognition Application for Collective Investment Schemes
Guideline No. CMU/G-2/2017/2 17 November 2017
Guideline on Application for Capital Markets Services License and Capital Markets Services Representative's License
Guideline No. CMU/G-1/2017/1 03 November 2017

Takaful/Insurance

Notices & Guidelines

To download any Microsoft Excel File type, you must save it to your disk. Right-click the link, and then click Save. With a single button mouse, hold the button down over the link, and then click Save.

Title	Ref No.	Issuance Date
Guidelines on Product Development and Pricing for Takaful Operators Appendix 1 - Policies and Procedures on Development and Pricing of Products	Guidelines No. TIU/G-2/2022/16	16-Sep-2022
Notice on Takaful Operational Framework	NOTICE NO. TIU/N-2/2022/19	14-Jul-2022
Guidelines on Insurance Fraud Risk Management in Insurance and Takaful (Amendment No. 1)	Guidelines No. TIU/G-4/2018/9	14-Jul-2022
Notice on Reporting of Insurance and Takaful Fraud Appendix 1 - Suspected or Confirmed Fraud Case(s) Reporting Form	NOTICE NO. TIU/N-3/2022/20	14-Jul-2022
Notice on Application Process and Requirements of ILIB for Insurance Companies Appendices to Notice on ILIB	NOTICE NO. TIU/N-1/2022/18	7 Feb 2022
Guidelines on Underwriting and Claims Management for Insurance Companies and Takaful Operators	Guidelines No. TIU/G-1/2022/15	7 Feb 2022
Guidelines on Product Development and Pricing for Insurance Companies	Guidelines No. TIU/G-1/2021/14	24 May 2021
Notice on Roles and Responsibilities of Insurance Companies and Takaful Operators on Insurance/Takaful Agents	Notice No. TIU/N-1/2021/17	28 Jan 2021
Conditions of Registration for General Insurance and Takaful Agents		28 Jan 2021
Conditions of Registration for Life Insurance and Takaful Agents		28 Jan 2021
Notice on Product Approval for Insurance Companies Appendix 1: Product Documentation Submission	Notice No. TIU/N-5/2020/16	09 Sep 2020
Notice on Establishment and Maintenance of Insurance Funds for Insurance Companies	Notice No. TIU/N-3/2020/14	25 Jun 2020
Notice on Establishment and Maintenance of Takaful Funds for Takaful Operators	Notice No. TIU/N-4/2020/15	25 Jun 2020 (Repealed on 14-Jul-2022)
Guidelines on Reinsurance/Retakaful Management for Insurance Companies and Takaful Companies	Guidelines No. TIU/G-3/2020/13	07 Apr 2020
Notice on Recovery Planning for Insurance Companies and Takaful Operators	Notice No. TIU/N-2/2020/13	12 Mar 2020
Guidelines on Elements of a Recovery Plan for Insurance Companies and Takaful Operators	Guidelines No. TIU/G-2/2020/12	12 Mar 2020
Guidelines on Online Distribution for Insurance Companies and Takaful Operators	Guidelines No. TIU/G-1/2020/11	07 Feb 2020
Notice on Surplus Distribution for Takaful Operators	Notice No: TIU/N-1/2020/12	13 Jan 2020 (Repealed on 14-Jul-2022)
Notice on Application for Approval of Outsourcing Arrangement for Insurance Companies and Takaful Operators	Notice No. TIU/N-1/2019/11	21 Aug 2019
Guidelines on Outsourcing Arrangement for Insurance Companies and Takaful Operators	Guidelines No. TIU/G-1/2019/10	21 Aug 2019
Guidelines Fraud Risk-Management in Insurance and Takaful Appendix 1 - Suspected or Confirmed Fraud Case(s) Reporting Form (Updated 19 January 2022)	Guidelines No. TIU/G-4/2018/9	24 Dec 2018 (Repealed on 14-Jul-2022)
Guidelines on Risk Management and Internal Controls for Insurance Companies and Takaful Operators	Guidelines No. TIU/G-3/2018/8	14 Dec 2018
Guidelines on Registration of Life Insurance Agents and Family Takaful Agents	Guidelines No. TIU/G-2/2018/7	24 Sep 2018 (Repealed on 28 Jan 2021)
Notice on Filing Requirements for Insurance Companies (Amendment) No.1 Takaful and Insurance Financial Returns Latest 180918 AMBD Takaful and Insurance Annual Return Instructions (new 2018)	Notice No. TIU/N-1/2017/5 - AMENDMENT NO.1	17 Sep 2018
Notice on Filing Requirements for Takaful Operators (Amendment) No.1 Takaful and Insurance Financial Returns Latest 180918 AMBD Takaful and Insurance Annual Return Instructions (new 2018)	Notice No. TIU/N-1/2017/6 - AMENDMENT NO.1	17 Sep 2018
Notice on the Application for Approval for Key Responsible Persons and Key Persons in Control Functions in Insurance and Takaful Annex 1 - Application Form for the Approval for Key Responsible Persons and Key Persons in Control Functions in Insurance and Takaful	Notice No. TIU/N-6/2017/10	03 Jan 2018
Guidelines on Fit and Proper Criteria for Key Responsible Persons and Key Persons in Control Functions in Insurance and Takaful	Guidelines No. TIU/G-1/2017/6	03 Jan 2018
Notice on Appointment of External Auditors for Insurance Companies, Takaful Operators and Brokers Application Form for Appointment of External Auditor (Appendix 1 & 2)	Notice No. TIU/N-5/2017/9	15 Nov 2017
Notice on Public Disclosure Requirements for Insurance Companies and Takaful Operators	Notice No. TIU/N-4/2017/8	15 Nov 2017
Notice on Corporate Governance for Insurance Companies and Takaful Operators	Notice No. TIU/N-3/2017/7	11 Aug 2017
Notice on Filing Requirements for Insurance Companies Takaful and Insurance Financial Returns.xlsx Takaful and Insurance Financial Returns (TIFR) Instructions	Notice No. TIU/N-1/2017/5	19 Jun 2017
Notice on Filing Requirements for Takaful Operators Takaful and Insurance Financial Returns.xlsx Takaful and Insurance Financial Returns (TIFR) Instructions	NOTICE NO. TIU/N-2/2017/6	19 Jun 2017
Accounting Standards for the Preparation of the Annual Accounts by Insurance Companies and Brokers	NOTICE NO. TIU/N-2/2016/2	23 Dec 2016
Accounting Standards for the Preparation of the Annual Accounts by Takaful Operators and Brokers	NOTICE NO. TIU/N-3/2016/3	23 Dec 2016
Exemption for Valuation of Assets	NOTICE NO. TIU/N-1/2016/1	23 Dec 2016
Margins of Solvency for Takaful Operators	NOTICE NO. TIU/N-4/2016/4	23 Dec 2016

Guidelines Issued Pursuant to Insurance Order, 2006

Guideline No: ITS/G-1/2014 - Guidelines on Registration of General Insurance Agents - Repealed: 28 Jan 2021

Guidelines Issued Pursuant to Takaful Order, 2008

Guideline No: ITS/G-2/2014 - Guidelines on Registration of General Takaful Agents - Repealed: 28 Jan 2021

BDCB Forms (For General Insurance/ Takaful Agents) - Updated 19 January 2022
General - Registration Form for Individual Agents General - Registration Form for Corporate Agents General - Renewal Form A (No change in Particulars)General - Renewal Form B (With change in Particulars)General - Supplementary Form to Renewal Form B Fit and Proper Checklist for Agents

BDCB Forms (For Life Insurance / Takaful Agents) - Updated 19 January 2022

Brunei Insurance and Takaful Association (BITA)

General Insurance / Takaful Agent Handbook

Insurance Order, 2006

Amendments to Insurance Order, 2006:-
Insurance (Amendment) Order, 2007 Insurance (Amendment) Order, 2015
Pindaan Keatas Perintah Insurans, 2006:-

Perintah Insurans (Pindaan), 2015

Takaful Order, 2008

Takaful Regulation, 2008

Amendments to Takaful Order, 2008

Takaful (Amendment) Order, 2015

Pindaan Keatas Perintah Insurans, 2006:-
Perintah Takaful (Pindaan), 2015

International Insurance and Takaful Order, 2002

Motor Vehicle Insurance (Third Party Risk) Act, Chapter 90

Subsidiary Legislations

Insurance Regulations, 2006:-

Insurance (Amendment) Regulations, 2007

Takaful (Amendments) Regulations, 2008:-

Amendments to Takaful Regulations, 2008
Takaful (Amendment) Regulations, 2015
Pindaan Keatas Peraturan-Peraturan Takaful, 2008

Peraturan-Peraturan Takaful (Pindaan), 2015

Islamic Financial Services

Syariah Financial Supervisory Board , 2006

Title Reference No. Issuance Date

Notice on Application Process of Islamic Product - (Malay version )
Notice No. SYAFI/N/01/2022
12-Aug-2022
Appendix 1 - (Malay version )
Appendix 2 - (Malay version )
Guidelines to Banks and Financial Institutions - Syariah Standard Tawarruq - (Malay version here)
Guidelines No.
SYAFI/G/01/2022
12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Murabahah - (Malay Version) Guidelines No. SYAFI/G/02/2022 12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Wakalah - ( Malay Version )
Guidelines No. SYAFI/G/03/2022
12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Mudharabah - (Malay version here)
Guidelines No.
SYAFI/G/04/2022 12-Aug-2022
Notice to Financial Institutions and Banks Offering Islamic Financial Products and Services in Brunei Darussalam on Internal Syariah Audit Framework

NOTICE NO. IFAU/N/2/2018

05-Dec-2018

Guidelines on Internal Syariah Audit Framework for Financial Institutions and Banks Offering Islamic Financial Products and Services in Brunei Darussalam
GUIDELINES NO. IFAU/G/3/2018 05-Dec-2018

Notice to Financial Institution on Syariah Governance Framework IFAU/N1/2018 17-Apr-2018

Guidelines on The Islamic Product Approval Process under Section 14 of Syariah Financial Supervisory Board Order 2006

Garis Panduan bagi Proses Kebenaran Produk Islam Di Bawah Bab 14 Perintah Lembaga Penyeliaan Kewangan Syariah, 2006

Monetary Management

Title Reference No. Issuance Date

Domestic Interbank Data Collection - submission via email to Monetary Management
Appendix 1 - Domestic Interbank Transactions Report
(*To open this attachment, you must save it to your disk. Right-click the link, and then click Save. With a single button mouse, hold the button down over the link, and then click Save.)

Appendix 2 - Instructions on Domestic Interbank Transactions Report

Corrigendum - Notice On Overnight Standing Facilities

14-Oct-2019

Corrigendum - Notice On Syariah - Compliant Overnight Standing Facilities

14-Oct-2019

Notice to Banks - Conventional Overnight Standing Facilities

MM/N-1/2018/1
12-Sep-2018

Notice to Islamic Banks - Syariah Compliant Overnight Standing Facilities
MM/N-2/2018/2
12-Sep-2018

Payment and Settlement Systems

Notices:

Title
Reference No.
Issuance Date
Notice on Requirements for Payment Systems - Amendment No.2
Notice No. PSO/N-1/2020/1-Amendment No.2
01-Nov-2022
Notice on Requirements for Payment Systems - Amendment
NOTICE NO. PSO/ N-1/ 2020/ 1 - Amendment No. 1
18-Jun-2021

Payment and Settlement Systems (Oversight) Order, 2015

Collateral Registry

Secured Transactions Order

Title	Reference Number	Date of Issuance
Notice On Reporting Of Fraud Incidents Appendix 1 Suspected Or Confirmed Fraud Case(S) Reporting Form	Notice No. BU/N-3/2022/74	14-Jul-2022
Notice on Publication And Exhibition of Audited Financial Statements for the Financial Year Ending 31st December 2021	Notice No. BU/N-1/2022/72	08 February 2022
Notice on Minimum Cash Balance (MCB) Requirement MCB Reporting Template.xlsx List of Eligible Liabilities and Determining MCB Liability Base	Notice No. BU/N-14/2017/49 - Amendment No. 1	21 January 2022
Temporary Regulatory Measures	Notice No. BU/N-1/2020/65 - Amendment No. 3	11 January 2022
Temporary Regulatory Measures (amended: 11 January 2022)	Notice No. BU/N-1/2020/65 - Amendment No. 2	14 August 2021
Revocationof Notice of Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems	Notice No. BU/N-3/2021/70	02 April 2021
Pillar 3 - Public Disclosure Requirements ANNEX-1	Notice No. BU/N-1/2021/68	02 April 2021
Temporary Regulatory Measures (Amended 14 August 2021)	Notice No. BU/N-1/2020/65 - Amendment No. 1	27 February 2021
Early Detection of Cyber Intrusion and Incident Reporting Near Miss Incident Reporting Form Major IT Incident Reporting Form	Notice No. TRS/N-1/2020/1	18 August 2020
Temporary Regulatory Measures (amended: 27 February 2021)	Notice No. BU/N-1/2020/65	15 April 2020
Bank's Recovery Plan	Notice No. BU/N-3/2019/63	20 December 2019
Supervisory Review and Evaluation Process (SREP) ANNEX 1	Notive No. BU/N-9/2018/59 - Amendment No. 1	27 November 2019
Forms of Assets Approved by The Authority	Notice No: 1/2007 - Amendment No. 1	20 November 2019
Prudential Treatment of Problem Assets and Accounting for Expected Credit Losses	Notice No. BU/N-7/2018/57	27 December 2018
Disclosure on Risk Management, Credit Risk Management, Internal Audit Function, Compliance and Compliance Function and Internal Control Systems (revoked on 02 April 2021)	Notice No. BU/N-1/2018/51 – Amendment No. 1	27 December 2018
Bancassurance Arrangement	Notice No. BU/N-5/2018/55	02 January 2018
ks) ANNEX 1 Pillar 3 - Public Disclosure Requirements	Notice No. BU/N-3/2018/53	02 January 2018
Disclosure on Credit Risk Management, Internal Audit Function, Compliance and Compliance Function (amended: 27 December 2018)	Notice No. BU/N-1/2018/51	02 January 2018
Total Debt Service Ratio	Notice No. BU/N-9/2017/44 – Amendment No. 1	09 November 2017
Unsecured Personal Credit Facility	Notice No NO. BS/N-2/2015/31 – Amendment No. 2	09 November 2017
Minimum Cash Balance Requirement	No. BU/N-14/2017/49	01 December 2017
Credit Card	Notice No. BU/N-12/2017/47	13 September 2017
Total Debt Service Ratio (amended: 9th November 2017)	Notice No. BU/N-9/2017/44	10 August 2017
Appointment of Key Responsible Persons	Notice No. BU/N-6/2017/41	08 June 2017
Regulation of Interest Rates	Notice No. 1/2013 - Amendment No. 1	12 May 2017
Maintenance of Capital Adequacy Ratio Annex 1 - Capital Adequacy Framework	Notice No. BU/N-3/2017/38	15 March 2017
Classification of Impaired Credit/Financing Facilities and Financial Assets for Provisioning Purposes	Notice No. BU/N-5/2017/40	15 March 2017
Disclosure of Corporate Governance Arrangements	Notice No. BU/N-1/2017/36	02 March 2017
Revocation Charged-Backed (Mortgage) Loans for Consolidation Purposes	Notice No. 4/2012	08 December 2016
Appointment of External Auditors	Notice No. AMBD/R/32/2013/2 – Amendment No. 1	04 July 2016
Total Debt Service Ratio (repealed: 10 August 2017)	Notice No. BS/N-1/2015/30 Amendment No. 1	28 October 2015
Credit Cards (repealed: 13th September 2017)	Notice No. 1/2012 – Amendment No. 1	28 October 2015
Service Fees/Charges	Corrigendum to Notice No. BS/N-6/2015/35	05 June 2015
Service Fees/Charges	Notice No. BS/N-6/2015/35	28 May 2015
Consolidation Loan Scheme	Notice No. BS/N-4/2015/33	28 May 2015
Unsecured Personal Credit Facility	Notice No. BS/N-4/2015/31	28 May 2015
Total Debt Service Ratio (amended: 28th October 2015)	Notice No. BS/N-4/2015/30	28 May 2015
Appointment of External Auditors (repealed: 4^th July 2016)	Notice No. AMBD /R/32/2013/2	29 August 2013
Deregulation of Interest Rates on Residential Property Loans	Notice No. BO/2/2014	03 October 2014
Power of Authority to Compound	Notice No.1/2014	01 July 2014
Regulation of Interest Rates on Residential Property Loans (revoked: 3^rd October 2014)	Notice No.2/2013	07 March 2013
Regulation of Interest Rates (amended: effective from 12th May 2017)	Notice No.1/2013	07 March 2013
Charge-Backed (Mortgage) Loans for Consolidation Purposes (Revoked on 8th December 2016)	Notice No.4/2012	20 November 2012
Submission And Usage Of Customer Credit Information To And From CBAMBD	Notice No.3/2012	10 September 2012
Personal Guarantees	Notice No.2/2012	10 August 2012
Credit Cards (repealed: 28^th October 2015)	Notice No.1/2012	20 January 2012
Unclaimed Balances	Notice No.2/2010	06 March 2010
Credit Cards (repealed: 20^th January 2012)	Notice No.1/2010	30 December 2009
Credit (Financing Facilities)	Notice No.3/2009	08 June 2009
Maintenance of Statutory Reserve Fund and Distribution of Profits	Notice No.2/2009	06 April 2009
Classification of Advances as Non-Performing and Treatment of Interest on Non-Performing Advances (repealed: 15th March 2017)	Notice No.1/2009	03 March 2009
Forms of Assets Approved by The Authority	Notice No.1/2007	17 September 2007

Title	Reference No.	Issuance Date
Notice on Application Process of Islamic Product - (Malay version )	Notice No. SYAFI/N/01/2022	12-Aug-2022
Appendix 1 - (Malay version )
Appendix 2 - (Malay version )
Guidelines to Banks and Financial Institutions - Syariah Standard Tawarruq - (Malay version here)	Guidelines No. SYAFI/G/01/2022	12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Murabahah - (Malay Version)	Guidelines No. SYAFI/G/02/2022	12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Wakalah - ( Malay Version )	Guidelines No. SYAFI/G/03/2022	12-Aug-2022
Guidelines to Banks and Financial Institutions - Syariah Standard Mudharabah - (Malay version here)	Guidelines No. SYAFI/G/04/2022	12-Aug-2022
Notice to Financial Institutions and Banks Offering Islamic Financial Products and Services in Brunei Darussalam on Internal Syariah Audit Framework	NOTICE NO. IFAU/N/2/2018	05-Dec-2018
Guidelines on Internal Syariah Audit Framework for Financial Institutions and Banks Offering Islamic Financial Products and Services in Brunei Darussalam	GUIDELINES NO. IFAU/G/3/2018	05-Dec-2018
Notice to Financial Institution on Syariah Governance Framework	IFAU/N1/2018	17-Apr-2018
Guidelines on The Islamic Product Approval Process under Section 14 of Syariah Financial Supervisory Board Order 2006
Garis Panduan bagi Proses Kebenaran Produk Islam Di Bawah Bab 14 Perintah Lembaga Penyeliaan Kewangan Syariah, 2006

Legislation-And-Regulations // <![CDATA[ _spBodyOnLoadFunctionNames.push("setupPageDescriptionCallout"); // ]]>

Legislation, Notices and Regulations​​​​​​​

‭(Hidden)‬ Content Editor ‭[8]‬

Legislation-And-Regulations

Legislation, Notices and Regulations