165. Disclosure of information by Bank to relevant overseas supervisory authority

The Bank may, subject to such terms and conditions it deems fit, provide to a relevant supervisory authority outside Malaysia which exercises functions corresponding to those of the Bank under this Act, such document or information relating to—

the affairs of—

any authorized person, operator of a designated payment system or financial holding company which is a subsidiary of a foreign institution; or

any office of an authorized person, operator of a designated payment system or a financial holding company; or

any authorized person, operator of a designated payment system or financial holding company for the purposes of assessing a proposed establishment of any office by the authorized person, operator of a designated payment system or financial holding company, if the Bank considers it necessary that the document or information be disclosed to the relevant supervisory authority outside Malaysia for the sole purpose of carrying out its supervisory functions.