Appendix 1 - Applicable Licensing Examination Modules Under the Notice on Licensing Examination

The document is procedural rather than policy-setting — it is a schedule of prescribed assessment modules — but it directly governs who must sit which paper before a licence application can proceed. For compliance and licensing teams, the practical consequence is that any in-flight or planned application (banks, insurers, payment institutions, capital market licence holders) must be checked against the revised module matrix; assigning a candidate to a superseded module risks a rejected or delayed submission. Firms should treat the 16 October 2026 update as a trigger to re-baseline their licensing playbooks: confirm the module set for each controlled function, brief HR and external training providers, and build the correct module list into pre-application checklists.

Where the revision redistributes modules across licence categories, existing approved persons seeking scope extensions may also need supplementary examinations. Given the long amendment history (2018, 2019, 2023, 2024, 2025, 2026), version control discipline matters — retain evidence of which appendix version was applied to each filed application. Impact is limited for firms with no Brunei licensing footprint or pipeline, but material for groups expanding into the Brunei market or rotating senior staff into locally licensed entities.

Actionable insight: do not assume continuity from the April 2025 version; verify module applicability directly against the October 2026 schedule and document the check.