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In forceUpdated to 1 Jan 2006Read it in Bahasa Malaysia
Contents

Chapter 12

117. Regulatory forbearance

(1)

Notwithstanding anything contained in this Act, the

Minister may, on the recommendation of the Commission, direct the Commission to forbear from applying any provision of this

Act or its subsidiary legislation to a licensee or class of licensees, or to a person or class of persons, if the Minister determines that—

(a)

the enforcement of such provision is not necessary to ensure the achievement of the objects of this Act;

(b)

the enforcement of such provision is not necessary for the protection of consumers;

(c)

the forbearance from applying such provision is consistent with the national interest; and

(d)

the forbearance from applying such provision will not impede the administration of this Act.

(2)

The direction by the Minister shall be made in accordance with section 7.

Report

Read on from s 118

Chapter 13

Read on from Chapter 13

Chapter 14

Read on from Chapter 14

Chapter 15

Read on from Chapter 15

Part VI

Economic Regulation

Read on from Part VI

Part VII

Technical Regulation

Read on from Part VII

Part VIII

Consumer Protection

Read on from Part VIII

Part IX

Social Regulation

Read on from Part IX

Part X

General

Read on from Part X

Part V

Part V.

Read on from Part V

Part XI

Transitional Provisions

Read on from Part XI

Schedules