Malaysia legislation

Section 106E

of *DEVELOPMENT FINANCIAL INSTITUTIONS ACT 2002

Section 106E

Where it appears to the Bank that there is a reasonable likelihood that any person will contravene or has contravened or will breach or has breached or is likely to fail to comply with or has failed to comply with—

(a)

any provisions of this Act;

(b)

any provisions of any regulations made under this Act;

(c)

any order made or direction issued by the Bank under this

Act;

(d)

any standards, condition, restriction, specification or requirement under this Act; or

(e)

any action taken by the Bank under subsection 106A(3), the Bank may institute civil proceedings in a court seeking any order specified under subsection 106F(1) against that person whether or not that person has been charged with an offence in respect of the contravention, breach or noncompliance or whether or not the contravention, breach or non-compliance has been proved in a prosecution.

Orders by court

Read in full context — *DEVELOPMENT FINANCIAL INSTITUTIONS ACT 2002 →