Brunei Darussalam Central Bank (BDCB) carries the responsibilities of conducting the country’s monetary policy, issuing the Brunei currency, as well as regulating and supervising banks and other financial institutions.
BDCB’s objectives, amongst others, include maintaining price stability; ensuring the stability of the financial system, assisting in the establishment and functioning of efficient payment systems and oversee them; and fostering and developing a sound and progressive financial services sector.
In line with these objectives, BDCB is responsible for facilitating the Expression of Interest (EOI) submissions by prospective financial service participants seeking to conduct and offer financial services in Brunei Darussalam.
This EOI Request for Information (RFI) will include the following:
Section A: Company Details
This section shall contain the details of the company intending to conduct and offer regulated financial service activities. If the company has not yet been incorporated, kindly furnish us with the proposed company details, including the proposed company/business name and other relevant information.
Section B: Key Responsible Persons Details
This section shall contain the details of the key responsible persons. “Key Responsible Persons” refers to senior persons who are accountable or responsible for the management and oversight of the company, of which they may hold controlled functions in executive positions.
Section C: Focal Person Details
This section should be completed with the details of the focal person representing the company mentioned in Section A and is responsible for liaising with BDCB on the application. The focal person should be familiar and knowledgeable with the company's application and able to address any queries related to it.
Section D: Expression of Interest Information
This section should contain the details of your business proposal intended to be offered by the company mentioned in Section A.
Section E: Declaration
This section contains the declaration the company needs to agree to before the form is submitted.
Disclaimer
It is important to note that the EOI screening process does not serve as an indication of a successful license application. It only serves as a preliminary assessment tool to help companies in their application process.