Malaysia legislation

Section 25

of CURRENCY ACT 2020

Section 25

(a)

fulfill all requirements as prescribed by the Bank;

(b)

submit an application in such form and manner, together with any information and document as may be specified by the Bank; and

(c)

pay the processing fees as may be prescribed by the

Minister under section 60.

(2)

No person shall apply for registration to carry on a currency processing business unless the person is a company.

(3)

For the purpose of paragraph (1)(a), “prescribed” means to be prescribed by an order published in the Gazette, and the power to prescribe includes the power to prescribe differently for different persons or different classes, categories or descriptions of persons, and to amend any prescription.

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Section 25 — AKTA MATA WANG 2020 | mylaw.my