Section 46A

“total insured deposits” means the total deposits separately insured as Islamic deposits or conventional deposits under section 42, calculated in such manner as specified by the

Corporation;

“transferring party” means a person, including a deposit-taking member, which transfers its business under a business transfer scheme;

“business transfer scheme” refers to a scheme of transfer for the whole or material part of the deposit-taking business;

and

Malaysia Deposit Insurance Corporation 67

“transfer date” means the date on which a business transfer scheme takes effect as specified by the Corporation.

For the purposes of paragraph (1)(c), the Corporation may specify what constitutes a material part of the deposit-taking business.

First premium in respect of new deposit-taking members