Malaysia legislation
Section 15
of RAJA-RAJA AND THE YANG DI-PERTUA-YANG DI-PERTUA NEGERI HIGHER STUDIES SCHOLARSHIP FUND ACT 1983
Section 15
Investment powers of the Board
The moneys of the Fund may be invested by the Board in investments for the time being authorized by law for the investment of trust funds:
Provided that the Board shall not make any investment in securities issued or registered or other properties situated outside the Federation except with the approval in writing of the Majlis.