Malaysia legislation
Section 18
Section 18
(a)
exhibit in a conspicuous position in every office or place of business in Malaysia—
(i)
a copy each of its latest audited annual balance sheet, profit and loss account, together with any note thereon, and the report of the auditor;
(ii)
the full names of all its directors; and
(iii)
the names of all subsidiaries for the time being of the bank;
(b)
within fourteen days of the laying of its accounts at its annual general meeting publish in at least two daily newspapers published in Malaysia and approved by the Central Bank a copy each of its latest audited annual balance sheet, profit and loss account, together with any note thereon, and the report of the auditor; and
(c)
within six months after the close of each financial year or such further period as the Central Bank may approve, forward to the Central Bank—
(i)
two copies each of its latest audited annual balance sheet, profit and loss account, together with any note thereon, and the reports of the auditor and the directors;
(ii)
in the case of an Islamic bank with branches outside Malaysia, two copies each of its latest audited annual balance sheet and profit and loss account in respect of its operations in Malaysia, and two copies each of its latest audited annual balance sheet and profit and loss account in respect of its operations in each country outside Malaysia.
(3)
The Central Bank may require any Islamic bank to submit such further or additional information as it may deem necessary either by way of explanation, amplification or otherwise with regard to the balance sheets and profit and loss accounts forwarded by that bank under paragraph (c) of subsection (1) and that information shall be submitted within such period and in such manner as the Central Bank may require.
(2)
The form and content of the balance sheet and profit and loss account shall, together with the report of the directors, be as approved by the Central Bank.
(4)
Any Islamic bank which fails to comply with the provisions of this section shall be guilty of an offence and shall on conviction be liable to a fine not exceeding twenty thousand ringgit.