Islamic Financial Services Act 2013 · s 226

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s 226Power of Bank to impose levies or charges

(1)

For the purposes of safeguarding the balance of payments position or the value of currency of Malaysia, regulations may be made under section 271 to impose levies or charges in respect of any transaction specified in Schedule 14, either generally or with conditions or in circumstances set out in the regulations.

(2)

Levies or charges imposed pursuant to the regulations referred to in subsection (1) may be—

(a)

specific;

(b)

a minimum or maximum amount; or

(c)

a percentage or proportion of the amount which is the subject matter of the transaction in Schedule 14.