Section 56
Saving
of Malaysia Deposit Insurance Corporation (Amendment) Act 2022
All references to “index-linked deposit” in the principal
Act shall, on the coming into operation of this Act, be construed as references to “investments linked to derivatives”.
(2)
Notwithstanding subsubparagraph 41(1)(a)(EA), all investments linked to derivatives previously specified as insured by the Corporation shall continue to be insured by the Corporation until they reach maturity, are fully withdrawn or are otherwise terminated, whichever is earlier.
(3)
For the avoidance of doubt, Islamic deposits accepted by a deposit-taking member under the repealed Islamic Banking
Act 1983 [Act 276] which are deemed to be Islamic deposits under section 288 of the Islamic Financial Services Act 2013 and which have been specified as insured by the Corporation shall continue to be insured by the Corporation until they cease to be deemed as
Islamic deposits under the Islamic Financial Services Act 2013.