Malaysia legislation
Section 72
Section 72
(2)
Without prejudice to the generality of the powers conferred by subsection (1), the Minister may make regulations for all or any of the following purposes:
(a)
to regulate all matters relating to the registration of credit reporting agencies, including prescribing the registration fees and renewal fees;
(b)
to provide and prescribe any fees to be imposed by the credit reporting agencies and any other fees payable in connection with the provision of any service or any matter under this Act;
(c)
to regulate procedures in respect of the inspection of data systems, investigation of complaints and issuance of enforcement notices, and all matters related to them;
(d)
to prescribe the offences which may be compounded and the forms to be used and the method and procedure for compounding the offences;
(e)
to prescribe any matter for which this Act makes express provision to be made by regulations;
(f)
to prescribe all other matters as are necessary or expedient to be prescribed for giving effect to this Act.
Credit Reporting Agencies 69
(3)
The regulations made under this section or any other subsidiary legislation made under this Act may prescribe for any act or omission in contravention of the regulations or other subsidiary legislation to be an offence and may prescribe for penalties of a fine not exceeding two hundred and fifty thousand ringgit or imprisonment for a term not exceeding two years or to both.
Prevention of anomalies