Section 6

No mutual fund shall at any time be established, domiciled, offered to the public, trade, listed, managed or administered in or from within Brunei

Darussalam, unless at that time -

{aJ a mutual fund licence or a mutual fund permission is in force with respect to the mutual fund;

{bJ the persons who are, or are to be, respectively the manager and the administrator of the mutual fund are the persons specified as such in that licence or permission;

{cJ every person by whom the mutual fund is established, promoted or sponsored and every person who is, or is to be, a manager or administrator of the mutual fund is the holder of an operator's authorisation applicable to that fund; and

{dJ the conditions of the mutual fund licence or permission and of each of the operator's authorisations referred to in paragraph {bJ are complied with.