Autoriti Monetari Brunei Darussalam (AMBD) hosted a briefing on the Secured Transactions Order (STO) and the Collateral Registry System (CRS) on Thursday at the Ministry of Finance.
The briefing was presented by Sheree McDonald, a senior solicitor from the New Zealand Companies Office, who shared her experiences on managing the Personal Property Security Register (PPSR) in New Zealand.
According to McDonald, the PPSR system has similar roles and functionality as the upcoming Collateral Registry System of Brunei Darussalam.
More details in Friday’s Borneo Bulletin.
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