128. Power to issue directions to financial holding company and subsidiaries

the financial holding company, its subsidiary or director, chief executive officer or senior officer of such financial holding company or such subsidiary—

is committing or is about to commit an act, or is pursuing or is about to pursue any course of conduct or carrying on its business, in a manner that is

has failed to comply with any standards, notice, condition, specification, requirement, restriction, direction or code specified, issued or made under this

has breached or contravened any provision of this Act which is applicable to such financial holding company or any of its subsidiaries, the Central Bank of Malaysia Act 2009 or any written law, other than securities laws as defined in the Securities

any state of affairs exist in respect of a financial group that may directly or indirectly affect the safety and soundness of a licensed person.

to vary or terminate any agreement or arrangement other than any qualified financial agreement entered into by the financial holding company or any of its subsidiaries with any person in relation to its business, affairs or property;

to dispose of all or any of the investments or assets held by the financial holding company or any of its subsidiaries in any body corporate;

to prohibit the financial holding company or any of its subsidiaries from carrying on any part of its business;

to prohibit the financial holding company or any of its subsidiaries from entering into any other transaction or class of transactions, or to enter into it subject to such restrictions or conditions as may be specified by the Bank;

with respect to a financial holding company, to increase its capital to such amount as may be specified by the Bank.