Malaysia legislation
Section 33
Section 33
Power to invest
The Fund may, in so far as they are not required to be expended by the Board under this Act, be invested with the approval of the Minister, in the following manner:
(a)
by depositing in—
(i)
the Central Bank of Malaysia;
(ii)
licensed banks or licensed investment banks licensed under the Financial Services Act 2013
[Act 758]; or
(iii)
licensed Islamic banks licensed under the Islamic
Financial Services Act 2013 [Act 759] but shall not include licensed international Islamic banks;
and
(b)
by investing in—
(i)
securities issued by the Government;
(ii)
securities which are fully guaranteed by the
Government;
(iii)
securities issued by the Central Bank of Malaysia;
or
(iv)
securities which are fully guaranteed by the Central
Bank of Malaysia.
Power to establish or acquire corporation