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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part VI · Prudential Requirements

58. Institution, director and officer to comply with standards

(1)

Every institution shall at all times—

(a)

comply with the standards as may be specified by the

Bank under subsection 57(1) which are applicable to such institution;

(b)

ensure that its internal policies and procedures are consistent with the standards as may be specified by the

Bank under subsection 57(1); and

(c)

whether or not standards have been specified by the Bank under subsection 57(1), manage its business, affairs and activities in a manner consistent with sound risk management and governance practices which are effective, accountable and transparent.

(2)

Every director and officer of an institution shall at all times comply with the internal policies and procedures adopted by such institution including internal policies and procedures to implement the standards as may be specified by the Bank under subsection 57(1).

Report

Read on from s 59

Part VII

Ownership, Control and Transfer of Business

Read on from Part VII

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