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Section 91

Power of Bank to specify standards on shareholder suitability

of Financial Services Act 2013

ActIn forceProvision 91 of 124
Section 91

(1)

The Bank may specify standards on shareholder suitability to give full effect to Schedule 6.

(2)

Any person who has obtained the approval of the Bank under

108 Laws of Malaysia paragraph 90(3)(a) or the Minister under subsection 90(6) in respect of subsection 87(2) or 88(1), shall at all times comply with the standards as may be specified under subsection (1) to the satisfaction of the Bank.