Malaysia legislation
Section 125
Section 125
Application of other laws
(a)
*Banking and Financial Institutions Act 1989;
(b)
Bank Kerjasama Rakyat Malaysia Berhad (Special
Provisions) Act 1978 [Act 202];
(c)
**Companies Act 1965;
(d)
Co-operative Societies Act 1993; or
(e)
the constituent documents of a prescribed institution, the provisions of this Act shall prevail.
(2)
Where any difficulty or doubt arises in the application of subsection (1) in relation to any particular prescribed institution, or any particular matter or circumstance, or generally, the Minister may, on
*NOTE—The Banking and Financial Institutions Act 1989 [Act 372] has been repealed by the Financial
Services Act 2013 [Act 758] which comes into operation on 30 June 2013–see section 271 of Act 758.
**NOTE—The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016 [Act 777]
which comes into operation on 31 January 2017–see subsection 620(1) of Act 777.
Development Financial Institutions 147
the reference of the difficulty or doubt to him by the Bank, resolve the same by a direction in writing.
(3)
References to “this Act” in this section shall not include any regulations, order or other subsidiary legislation made under this Act.
Power of the Bank to issue guidance
*126. The Bank may issue guidance in writing consisting of such information, advice or recommendation as it considers appropriate—
(a)
with respect to the provisions of this Act;
(b)
for the purposes of regulating and supervising prescribed institutions; or
(c)
with respect to any other matter which, in the opinion of the
Bank, is desirable to give information, advice or recommendation.
Application of measures relating to international and domestic transactions