154. Arrangement with relevant supervisory authority

The Bank shall enter into arrangements with relevant supervisory authorities to coordinate on the regulation of Islamic financial instruments traded in the Islamic money market which are within the purview and oversight of the relevant supervisory authorities.

For the purposes of this section, “relevant supervisory authorities” means any authority, body or agency in Malaysia other than the Bank which is responsible for the supervision or oversight of the capital market, or capital market intermediaries or capital market participants.