Section 3

This Act shall apply to all securities heretofore created or issued or deemed to have been created or issued on behalf of the

Government of Malaysia or hereafter created or issued on behalf of the Government of Malaysia to which for the time being the Colonial

Stock Acts apply and which are for the time being registered in the

6 Laws of Malaysia ACT 426

United Kingdom in accordance with those Acts, each and all of which securities are hereinafter referred to as “Federal Government securities”:

Provided that this Act shall not apply to securities issued after the commencement of the External Loans Act 1963 [Act 403].