Foreign investment in money-changing business is reserved to Bruneian citizens. For the purpsoes of the FDIRRI, it is assumed that legal persons licensed for providing such services are equally restricted to Bruneian ownership.
"ANNEX III - Section A [...]
Sector: Financial Services   
Sub-Sector:  Money-changing and remittance businesses   
Obligations Concerned:  National Treatment (Article 11.3) Market Access for Financial Institutions (Article 11.5)   
Level of Government:  Central   
Measures: Money-Changing and Remittance Businesses Act (Chapter 174)   
Description:  Only Bruneian citizens are allowed to carry on moneychanging and money remittance businesses.  There is a limit to the number of licences awarded for these businesses. [...]"(ANNEX III - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP))
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" 5. (1) No person shall carry on any money-changing business unless he is in possession of a valid money-changer's licence.
[...]
6. (1) No person shall carryon any remittance business unless he is in possession of a valid remittance licence.
[...]
7. (1) Any person who desires to obtain a licence shall make an application to the Authority in such form as the Authority may require. (
2) Upon receiving an application under subsection (1),theAuthority shallconsider theapplication andmaygrant alicencewithorwithout conditions orrefusetogrant alicence without assigning any reason therefor. [...]" (MONEY-CHANGING AND REMITTANCE BUSINESSES ACT, as amended)
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"H. Application for Money-Changing Licence
The Money-Changing and Remittance Act, Chapter 174 requires any companies or individuals to apply for a licence to conduct money-changing or remittance business. [...]
Licensing criteria:
In considering any application for a licence, BDCB may require to be satisfied as to:
- the good character of the applicant, or if the applicant is a company, the general character of the management of the company;
- the financial condition of the applican;
- whether public interest [...]" (Brunei Darussalam Central Bank, "Guide to Brunei's Darussalam Financial Sector: Opprtunited in the Financial Sector", January 2024)?
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"APPLICATION FOR MONEY CHANGING BUSINESS LICENCE 2016
Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that there is an opening for two (2) Money Changing business licenses to operate in the Belait District for the year 2016. Members of the public can collect the application form at the Regulatory Department, AMBD, 7th Floor, Ministry of Finance Building, Commonwealth Drive BB3910, Brunei Darussalam. Completed application forms must be returned to the Regulatory Department not later on Thursday, 3rd March? 2016, at 3.30 p.m. Application forms received later than the date and time specified will not be accepted.
TERMS AND CONDITIONS OF APPLICATION:
1.     The application is for operating a money changing business in the Belait District Only.
2.    Applicants must be citizens of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam.
3.  Applicants should have a minimum qualification of at least 4 GCE �O� Level Credit passes including Bahasa Melayu, English Language and Mathematics.
4.    Experience in the Money Changing business is an advantage. [...]" (BDCB, "Application for Money Changing Business Licence 2016", website content)
ANNEX III - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
MONEY-CHANGING AND REMITTANCE BUSINESSES ACT, as amended
Brunei Darussalam Central Bank, "Guide to Brunei's Darussalam Financial Sector: Opprtunited in the Financial Sector", January 2024
BDCB, "Application for Money Changing Business Licence 2016", website content
[<a href="https://www.mfat.govt.nz/assets/Trade-agreements/TPP/Annexes-ENGLISH/Annex-III.-Brunei.pdf">CPTPP</a>],[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/ACT_PDF/Chp.174.pdf">Act</a>],[<a href="https://www.bdcb.gov.bn/SiteAssets/Guide%20to%20Brunei%20Darussalam%20Financial%20Sector%20(as%20of%202%20January%202024).pdf">Guide</a>],[<a href="https://www.bdcb.gov.bn/Lists/News/DisplayItem.aspx?ID=165&ContentTypeId=0x01040013E26435B72C28499D11105B93AD3652">Announcement</a>]