Islamic Financial Services Act 2013 · s 129

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s 129General provisions dealing with directions

(1)

The direction issued under subsection 128(2) or (3) shall specify—

(a)

the grounds on which the Bank proposes to issue the direction; and

(b)

the time by which, or period during which, the direction is to be complied with.

(2)

The Bank may at any time—

(a)

amend or revoke a direction; or

(b)

replace a direction with another direction.

(3)

Any direction issued under subsection 128(2) or (3) shall not affect the enforcement by the parties of their rights under a qualified financial agreement.

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