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mylaw.myby aturio
In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part VII · Ownership, Control and Transfer of Business

105. Notification on acquisition or disposal of interest in shares of licensed person

(1)

Where it comes to the knowledge of a director or an officer of a licensed person or a financial holding company that—

(a)

any agreement or arrangement as referred to in section 99

or 101 has been or is about to be effected; or

(b)

any person approved by the

Bank under paragraph 102(3)(a)

or the

Minister under subsection 102(6) in respect of subsection 99(2) or 100(1), has failed to comply or is likely to fail to comply with standards as may be specified under subsection 103(1), the director or officer shall immediately notify the Bank of all such information which is within his knowledge.

(2)

No director or officer shall be liable to any action for defamation at the suit of any person or be subject to any disciplinary proceedings in respect of the notification under subsection (1)

made by the director or officer without malice.

Action by Bank in event of breach

Report

Read on from s 106

Part VIII

Financial Groups

Read on from Part VIII

Part VI

Part VI—

Read on from Part VI

Part IX

Business Conduct and Consumer Protection

Read on from Part IX

Part X

Islamic Money Market and Islamic Foreign Exchange Market

Read on from Part X

Part XI

Submission of Document or Information

Read on from Part XI

Part XII

Examination

Read on from Part XII

Part XIII

Directions of Compliance

Read on from Part XIII

Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

Read on from Part XV

Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

Read on from Part XVII

Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules