Malaysia legislation
Section 47A
Section 47A
(a)
the first premium to be paid by a new deposit-taking member shall be calculated on the basis as may be prescribed by the Minister;
Malaysia Deposit Insurance Corporation 69
(b)
the first premiums of Islamic and conventional deposits shall be calculated separately; and
(c)
the applicable premium rates for each new deposit-taking member shall be based on such criteria as may be prescribed in the regulations.
(2)
The first premium payable by a new deposit-taking member shall be based on returns to be certified by the chief executive of the new deposit-taking member and submitted in such form and within such period as the Corporation may require.
Annual premium in respect of deposit-taking members