Malaysia legislation

Section 29

of CURRENCY ACT 2020

Section 29

Voluntary deregistration

(2)

The Bank shall, upon receipt of a notice under subsection (1), deregister a registered currency processor in accordance with the proposed effective date stated in the notice, if any, or such later date as the Bank deems fit.

(3)

The Bank shall notify a registered currency processor of the effective date of its voluntary deregistration under this section.

Deregistration by Bank