Malaysia legislation
Section 37
of Act 125
Section 37
The Central Bank may from time to time issue written directions to any licensed borrowing company requiring that effect be given to the direction within a period (which in the opinion of the Central Bank is a reasonable period) on any of the following matters—
(a)
the policy to be followed by licensed borrowing companies in relation to the granting of advances and the extension of credit facilities including the purposes for which advances may be made or credit facilities extended;
(b)
the rates of interest payable to or by licensed borrowing companies, the rates of discount chargeable by licensed borrowing companies or the rates of commission and other charges payable to licensed borrowing companies;
(c)
a reserve to be held by each licensed borrowing company at the Central Bank against its deposit liabilities in the Federation.