Malaysia legislation
Section 4
Section 4
Subsection 26(1) of the principal Act is amended—
(a)
in paragraph (a)—
(i)
by substituting for subparagraph (ii) the following subparagraph:
“(ii) a bank or an investment bank duly licensed under the Financial Services Act 2013
[Act 758]; or”;
(ii)
by substituting for subparagraph (iii) the following subparagraph:
“(iii) an Islamic bank duly licensed under the
Islamic Financial Services Act 2013
[Act 759]; or”; and
(iii)
by inserting after subparagraph (iii) the following subparagraph:
“(iv) a development financial institution regulated under the Development Financial
Institutions Act 2002 [Act 618];”;
(b)
in paragraph (b), by substituting for subparagraph (i) the following subparagraph:
“(i) shares offered pursuant to an initial public offering which have been approved under the Capital
Markets and Services Act 2007 [Act 671] or shares listed on a stock exchange which have been approved under the same Act; or”; and
(c)
in paragraph (e), by substituting for the words “Federal or State Government” the words “the Government of
Malaysia or the State Government”.
Substitution of section 27