Section 8 — Companies (Corporate Governance) (Public Companies) Rules, 2016

(1)

The Minister may, with the approval of His Majesty the Sultan and

Yang Di-Pertuan, on the application of any public company, by notice in writing exempt the public company from all or any of the provisions of these Rules, subject to such conditions as the Minister may determine, if the Minister considers it appropriate to do so in the circumstances of the case.

(2)

Any public company which fails to comply with any condition imposed by the Minister under subrule (1) is guilty of an offence and liable on conviction to a fine not exceeding $25,000.

(3)

An exemption granted under subrule (1) may be withdrawn by the

Minister at any time.

Made this 23rd. day of Sya'ban, 1437 Hijriah corresponding to the 30th. day of May, 2016 at Our Istana Nurul Iman, Bandar Seri Begawan,

Brunei Darussalam.

HIS MAJESTY

THE SULTAN AND YANG DI-PERTUAN

BRUNEI DARUSSALAM

Minister of Finance,

Brunei Darussalam.