Malaysia legislation
Section 106C
Section 106C
Power of Bank to prescribe monetary penalty
The Bank may, with the concurrence of the Minister, prescribe the following matters as it deems necessary, for giving full effect to or for convenient implementation of subparagraph 106A(3)(b)(i), or for the purposes of this Act:
(a)
the classification or designation of breaches under this Act into different categories of breaches; and
(b)
the fixing, in accordance with paragraph (a), of a monetary penalty, or a range of monetary penalties, in respect of each category of breaches.
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