Malaysia legislation

Section 3

of INTERNATIONAL MONETARY FUND (RATIFICATION OF SECOND AMENDMENT TO THE ARTICLES OF AGREEMENT) ACT 1977

Section 3

Authorization to ratify amendments of Articles of Agreement of the Fund

The Yang di-Pertuan Agong may by instrument under his hand empower such person as he may name in such instrument—

(a)

to accept on behalf of Malaysia the Second Amendment to the Articles of Agreement of the Fund annexed to the

March 1976 Report by the Executive Directors to the

Board of Governors of the Fund; and

(b)

to deposit on behalf of Malaysia with the Fund an instrument setting forth that the Government, in accordance with the laws of Malaysia, undertakes all the obligations of a member of the Fund under the Second Amendment of the

Articles of Agreement of the Fund and that the Government has taken all steps necessary to enable it to carry out all of these obligations.

International Monetary Fund (Ratification of Second

Amendment to the Articles of Agreement)

7

Extension of P.U. (A) 505/1969 4.

The Bretton Woods Agreements Order 1969 [P.U. (A) 505/

1969] shall be deemed to refer to all rights and obligations with respect to the General Resources Account, the Special Disbursement

Account and the Investment Account of the General Department of the Fund under the Articles of Agreement of the Fund.

Consequential amendments to Act 12