Section 16
Amendment of section 49
of Malaysia Deposit Insurance Corporation (Amendment) Act 2022
Amendment ActIn forceProvision 16 of 56
Section 16
Subsection 49(1) of the principal Act is amended—
(a)
by substituting for the words “The annual premiums”
the words “Subject to section 49a, the annual premiums”;
and
Malaysia Deposit Insurance Corporation (Amendment)
(b)
by substituting for paragraph (a) the following paragraph:
“(a) the annual premium to be paid by a deposit-taking member shall be calculated on the basis as may be prescribed by the Minister;”.