Section 28

For the purposes of regulation 26, the extent to which the Brunei

Darussalam Insurance Fund Assets shall be taken into account shall be subject to the counterparty exposure limits specified in sub-regulation (2).

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The counterparty exposure limits mentioned in sub-regulation ( 1) are fa) where the counterparty is an approved financial institution or group of approved financial institutions related to one another/ 20 per cent of the Brunei Darussalam Insurance Fund Assets;

(b} where the counterparty is a company listed on any stock exchange or group of companies related to one another1 10 per cent of the Brunei

Darussalam Insurance Fund Assets; and

{c) where the counterparty is an unlisted company or group of unlisted companies related to one another, a merchant bank or a finance company, and in all other cases, 5 per cent of the Brunei Darussalam

Insurance Fund Assets.

The exposure to any one counterparty shall be calculated on the basis of the aggregate of the value of investments issued by the counterparty, all debts due from the counterparty (including deposits placed with the counterparty) and the value of all rights against the counterparty.

Liquid assets.