Section 118
Consequences of failing to comply with directions
of Financial Services Act 2013
ActIn forceProvision 118 of 124
Section 118
A financial holding company, its subsidiary, director or chief executive officer of such financial holding company or such subsidiary who fails to comply with a direction issued under subsection 116(2) or (3) commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding fifty million ringgit or to both.
128 Laws of Malaysia