Malaysia legislation
Section 4
Section 4
(a)
administer a deposit insurance system and a takaful and insurance benefits protection system under this Act;
(b)
provide insurance against the loss of part or all of deposits for which a deposit-taking member is liable and provide protection against the loss of part or all of takaful or insurance benefits for which an insurer member is liable;
(c)
provide incentives for sound risk management in the financial system; and
(d)
promote or contribute to the stability of the financial system.
(2)
In achieving its objects under paragraphs (1)(b) and (d), the
Corporation shall act in such manner as to minimize costs to the financial system.
Common seal and facsimile seal