Malaysia legislation

Section 6

of NETTING OF FINANCIAL AGREEMENTS ACT 2015

Section 6

(a)

any other agreement or arrangement to be a qualified financial agreement;

(b)

any other mechanism which has the effect of determining a single net amount to be a netting provision; or

(c)

any other transaction to be a qualified financial transaction.

(2)

An order under subsection (1) shall be laid before the

Dewan Rakyat as soon as practicable after its publication in the

Gazette.

(3)

In this section—

“Central Bank of Malaysia” means the Central Bank of Malaysia which continues to exist pursuant to subsection 3(1) of the Central

Bank of Malaysia Act 2009;

“Malaysia Deposit Insurance Corporation” means the Malaysia

Deposit Insurance Corporation which continues to exist pursuant to subsection 3(1) of the Malaysia Deposit Insurance Corporation

Act 2011 [Act 720];

WJW004137 BI.indd 8 3/6/15 4:26:58 PM

Netting of Financial Agreements 9

“Pengurusan Danaharta Nasional Berhad” means the Pengurusan

Danaharta Nasional Berhad incorporated under the Companies Act 1965 [Act 125] for such purposes provided under the Pengurusan

Danaharta Nasional Berhad Act 1998 [Act 587];

“Securities Commission” means the Securities Commission established under section 3 of the Securities Commission Act 1993 [Act 498].

Period of stay

Section 6 — AKTA PENGHASILAN BERSIH PERJANJIAN KEWANGAN 2015