Malaysia legislation
Section 26B
Section 26B
(2)
The Minister may, upon the application of the Board, vary the percentage specified in subsection (1).
(3)
For the purpose of this section, securities issued by the
Government of Malaysia shall include—
(a)
loans which are fully guaranteed by the Government of
Malaysia;
Employees Provident Fund 33
(b)
negotiable securities or instruments which are fully guaranteed by the Government of Malaysia including negotiable securities or instruments issued by a corporation fully owned by the Government of Malaysia;
(c)
Bank Negara Malaysia papers;
(d)
negotiable securities or instruments which are fully guaranteed by Bank Negara Malaysia including negotiable securities or instruments issued by a corporation which is fully owned by Bank Negara Malaysia;
(e)
any commercial instrument
(with elements of negotiability) issued by a State Government or a local authority with a maturity period of at least three years from the date of issue; and
(f)
any deposit in advance subscription account in Bank
Negara Malaysia under subparagraph 26(1)(a)(i).
Power of the Board to establish a corporation or a company