Malaysia legislation

Section 76

of *CENTRAL BANK OF MALAYSIA ACT 2009

Section 76

Unless otherwise provided in this Act or any other written law, the

(a)

engage in trade or otherwise have a direct interest in any commercial, agricultural, industrial or any other undertaking except in the course of the satisfaction of debts due to the Bank provided that any such interest shall be disposed of at the earliest suitable opportunity;

(b)

provide financing upon security of any shares;

(c)

purchase the shares of any corporation;

74 Laws of Malaysia ACT 701

(d)

extend unsecured financing or financing secured otherwise than as set out in this Act:

Provided that in the event of any debt due to the Bank becoming in the opinion of the Bank endangered, the Bank may secure such debt on any immovable or movable property of the debtor and may acquire such property, which shall, however, be resold at the earliest suitable moment;

(e)

draw or accept bills payable otherwise than on demand;

and

(f)

accept for discount, or as security for any financing extended by the Bank, bills or notes signed by members of the Board or by the officers or employees of the Bank.

Measures to safeguard monetary and financial stability