Malaysia legislation
Section 2
Section 2
Interpretation
(a)
any licensed bank, licensed merchant bank, licensed finance company, or licensed discount house, as those terms are defined in the Banking and Financial Institutions
Act 1989 [Act 372];
(b)
any State Government;
(c)
any statutory body; or
(d)
any fund, scheme, organization, body corporate or unincorporate, or any other person, as may be specified in writing by the Minister;
―participating investing institution‖ means a financial institution authorized by the Bank under subsection 8A(1);
―primary investing institution‖ means a participating investing institution appointed by the Bank under subsection 8A(2);
―statutory acknowledgement receipt‖ means an acknowledgement receipt in the form in the First Schedule issued under subsection 8B(6);
―statutory body‖ means any body or authority established, appointed or constituted by any written law, and includes any local authority;
―statutory monthly statement‖ means a monthly statement in the form in the Second Schedule issued under subsection 8C(2);
―stock‖ means stock issued pursuant to sections 3 and 6 or a stock held by any person or pursuant to a transfer of it, or of a part of it, under this Act;
Loan (Local) 9
―stock customer‖ means a person who makes or takes a transfer of a stock under subsection 8B(2);
―stock issue‖ means any loan raised under subsection 3(1) by the issue of stock under Part III;
―trustee stock‖ means any of the securities mentioned in section 4
of the Trustee Act 1949 [Act 208];
―the Minister‖ means the Minister for the time being charged with the responsibility for finance;
(2)
In relation to Sabah and Sarawak, references in this Act to any written law or to any provisions of it shall—
(a)
if that written law has been extended to apply to Sabah or
Sarawak be construed as references to the written law or provisions as so extended to Sabah or Sarawak, as the case may be;
(b)
if that written law has not been so extended, be construed as references to the corresponding written law or provisions, if any, in force in Sabah or Sarawak, as the case may be.
(3)
Where any record or account is required to be maintained under this Act by the Bank or by any participating investing institution, whether acting in its capacity as a primary investing institution or a depository institution or otherwise, it shall be maintained in the manner or the means as the Bank may determine or specify, including its maintenance in writing or by means of any visual recording (of still or moving images), or any sound recording or any electronic, magnetic, mechanical, or other recording whatsoever, on any substance, material, thing or article.
(4)
The functions, powers and duties conferred upon the Bank under this Act shall be performed, exercised and discharged by the
Bank on behalf of the Minister.
10 Laws of Malaysia ACT 637