Islamic Financial Services Act 2013 · s 4

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s 4Prescription by Bank of additional agreement, dealing, transaction or person

The Bank may, with the concurrence of the Minister, prescribe—

(a)

any agreement in respect of a financial transaction that may be entered into by parties in the financial markets, other than a standardized derivative or an agreement in respect of securities transactions entered into under the rules of a stock exchange and approved clearing house as defined in subsection 2(1) of the Capital Markets and

Services Act 2007 [Act 671] as a qualified financial agreement for the purposes of the definition of “qualified financial agreement” in subsection 2(5);

(b)

any dealing or transaction as a financing facility for the purposes of the definition of “financing facility” in subsection 2(1); and

(c)

any other person as a market participant for the purposes of the definition of “market participant” in subsection 2(1).