Islamic Financial Services Act 2013 · s 200

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s 200Liquidity or financial assistance to institution

Notwithstanding section 76 of the Central Bank of Malaysia Act 2009 and subject to subsection 172(1)—

(a)

the Bank may provide liquidity assistance upon such terms and conditions as the Bank deems fit, to an institution which in the opinion of the Bank is about to or is likely to suspend payment to any extent; or

(b)

where any of the circumstances set out in section 177 exist in respect of an institution, the Bank may, with the prior approval of the Minister, provide financial assistance to another institution or any other person to purchase any shares, or the whole or any part of the business, assets or liabilities, of the first-mentioned institution.

Subdivision 8 –Moratorium