Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part XI · Submission of Document or Information
155. Submission of document or information to Bank
Official textFrom Laws of Malaysia Online, unchanged
Where under this Act or any written law, any person including—
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an authorized person;
an operator of a designated payment system;
a financial holding company;
a market participant;
an approved representative office;
an
Islamic financial institution prescribed under section 223;
an associate corporation or related corporation of a person referred to in paragraphs (a) to (f); or
a participant, user or any other person having dealings with a person referred to in paragraphs (a) to (f), is required to submit any document or information to the Bank, such person shall submit such document or information to the Bank.
Where, for the purposes of the exercise of any of its powers or the performance of any of its functions under this Act or any written law, the Bank requires any document or information from any person including a person referred to in subsection (1), such person shall submit such document or information to the Bank.
Any person who is required to submit any document or information under subsection (1) or (2) shall not submit any document or information—
which he knows, or has reason to believe, to be false or misleading in a material particular; or
which is inaccurate or incomplete in respect of which there is a material error or omission, or any recurring error or omission.
For the purposes of subsection (1) or (2), any document or information required to be submitted shall be submitted within a
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period, at such intervals, in the manner or form as may be specified by the Bank.
Any person complying with subsection (1) or (2) shall not be treated as being in breach of any contract, agreement or arrangement.
agreement
“agreement” means an agreement whether formal or informal, oral or written, express or implied;
The Bank may require—
any document or information submitted under subsection (1) or (2) to be verified in such manner as may be specified by the Bank; or
any document produced to be certified as a true copy, by any person, including an auditor of a person referred to in subsection (1).
Subject to section 157, where a document or information obtained by the Bank under subsection (1) relates to the account or affairs of any customer of any person referred to in subsection (1), that document or information shall be secret as between the Bank and such person submitting the document or information.
Any person who contravenes paragraph (3)(a) commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding eight years or to a fine not exceeding twenty-five million ringgit or to both.
Terms defined in s 2
agreement
Defined · s 2“agreement” means an agreement whether formal or informal, oral or written, express or implied;
Part XII
Examination
Part XIII
Directions of Compliance
Part XIV
Intervention and Remedial Action
Part XV
Other Powers of Bank
Part XVI
Enforcement and Penalties
Part XVII
General Provisions
Part XVIII