Malaysia legislation

Section 150

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 150

Malaysia Deposit Insurance Corporation 159

(2)

Notwithstanding subsection (1)—

(a)

paragraph 14(1)(b) shall not apply to an officer of a prescribed person;

(b)

Chapter 2 of Part IV and Chapter 2 of Part V shall not apply to a prescribed person; and

(c)

a prescribed person shall not hold itself out to be a member institution and section 192 shall apply to such person.

Fee, premium or levy deemed earned