Regulators

Monetary Authority of Brunei Darussalam (AMBD)

The Brunei Monetary Authority in Malay, Autoriti Monetari Brunei Darussalam, or AMBD for short, is an independently operating government agency in Brunei Darussalam, e...

Organization Profile

Institutional nature
The Brunei Darussalam Monetary Authority, referred to as the Brunei Monetary Authority (Malay: AutoritiMonetari Brunei Darussalam, AMBD), is an independent government agency in Brunei Darussalam. It was formed by the merger of four departments, the Financial Institutions Bureau (FID), the Research and International Bureau (RID), the Brunei International Financial Center (BIFC), and the Brunei Monetary and Financial Board (BCMB), which were previously under the Brunei Ministry of Finance.
Institutional History
Brunei AMBD was established on January 1, 2011.
Institutional Functions
Brunei AMBD is mainly responsible for formulating and implementing monetary policy, managing and supervising financial institutions, and managing currency and other affairs.
Institutional Goals
1) Maintain and maintain domestic price stability;
2) Ensure the stability of the financial system by formulating financial regulations and prudential supervision standards;
3) Establish an efficient payment system and supervise its operation;
4) Cultivate and develop a sound and progressive financial service industry.

Licence application

1. Registered capital capital market service license Minimum registered capital (Brunei dollar) as the main body or agent to trade and arrange investment 2 million investment management, including management, development, operation and termination of collective investment plans 300,000 Provide investment advice Investment consultant 250,000 financial planners 100,000 investment guidance through computer The custody and management of assets are determined by Brunei AMBD, including custody services
Note: 1 Brunei dollar is approximately equal to 5 yuan.
2. Application Duration
Capital market service license: 21 days;
Brunei Foreign Collective Investment Scheme Licence: 4 months.
For details, please visit: https://www.ambd.gov.bn/regulatory/capital-market

License Fee

License Type Application Fee (Brunei Dollar) Annual Fee (Brunei Dollar) Capital Markets Services License (a) per regulated activity 5002000 (b) other regulated activities 3002000 Capital Markets Services Representative License per regulated activity Regulated Activities 100100 Collective Investment Schemes/Funds (domestic, accredited) 500 (per umbrella fund) 100 (per umbrella fund and sub-fund) 100 (other sub-funds) 100 (other sub-funds) 50 (annual offering Instructions) Market Operators (Domestic, Accredited) Stock Exchanges 10002000 Clearing Houses 1000 Trading Facilities 1000 Credit Rating Agencies 500
Note: 1 Brunei dollar is approximately equal to 5 yuan.

Regulatory Inquiries

1. Go to the website https://www.ambd.gov.bn/Home.aspx, select List of AMBD Licencees under REGULATORY (Supervision)
2. You can select the list, take the Capital Markets Services Licence as an example, you can view the company details.

Regulatory complaints

Investors should first complain to the financial company. If they are not satisfied with the result of the complaint handling, they can lodge a complaint with AMBD Brunei.
1. The financial company shall handle the complaint and give a reply within 30 working days after receiving the complaint. If the complainant fails to give a satisfactory answer within 6 months, the complainant may file a complaint to AMBD Brunei.
2. Complaint to AMBD Financial Consumer Issues Department in Brunei, the processing time of the complaint depends on the complexity of the complaint, it may take 3 months:
1) Mail: Autoriti Monetari Brunei Darussalam, Level 7, Ministry of Finance Building, Commonwealth Drive, Bandar Seri Begawan BB3910, Brunei Darussalam (Attn to: Financial ConsumerIssues Unit)
2) Email: [email protected]
3) Tel: 2380007
3. Court appeal.
Complaint Form: https://www.ambd.gov.bn/SiteAssets/financial-consumer-complaints/BORANG%20ADUAN%20FCI_01%20(FOR%20FIs)%20v.2.0.pdf
Note:
Brunei AMBD Financial Consumer Issues Service Hours:
Monday to Thursday: 8:00am—11:30am; 1:45pm—4:30pm
Friday: 8:15am—11:00am

FAQs

1. Which companies can provide financial services in Brunei?
1) Financial institutions such as banks, insurance companies, takaful operators, capital markets and securities institutions, money changers, remittance service providers;
2) Other entities authorized by Brunei AMBD to provide financial services in Brunei.
2. What are the types of licenses and registrations available under the Brunei Securities Market Directive (2013)?
1) Capital market service license;
2) Capital market service representative license;
3) Collective investment scheme license;
4) Securities;
5) Market operators.
3. Which businesses need to apply for a capital market service license?
1) To conduct investment transactions;
2) Arranging investment transactions;
3) Custody and management of assets;
4) Securities management;
5) Investment advice;
6) Collective investment schemes;
7) Investment guidance through computer.
Please note that a Capital Markets Services Licence is only granted to a body corporate.
4. What securities are regulated by the Brunei Securities Market Directive (2013)?
1) Shares;
2) Bonds;
3) Options;
4) Futures;
5) Collective investment plan units;
6) Government & Public Securities;
7) CFDs;
8) Investment interests;
9) Instruments for granting rights to securities and shares;
10) Credentials representing specific securities;
11) Insurance contracts related to investments.

Contact information

Working hours:
Monday to Thursday: 7:45 - 12:15, 13:30 - 17:30
Friday: 8:00 - 11:30, 14:30 - 16:30
Address: Autoriti Monetari Brunei Darussalam, Level 14, Ministry of Finance Building, Commonwealth Drive, Bandar Seri Begawan BB3910, Negara Brunei Darussalam
Tel: +673 238 8388
Fax: +673 238 3787
Email: [email protected]

Relevant Navigation

No comments

No comments...