Section 12
Substitution of section 92
of Money Services Business (Amendment) Act 2024
The principal Act is amended by substituting for section 92
the following section:
“Act to be read together with Division 2 of Part XIV of the Financial Services Act 2013 and Division 2 of
Part XV of the Islamic Financial Services Act 2013
Quoted provision
Section 92
This Act shall be read together with Division 2 of
Part XIV of the Financial Services Act 2013 and Division 2
of Part XV of the Islamic Financial Services Act 2013, and the provisions of this Act shall be in addition to, and not in derogation of, the provisions of such Divisions.
(2)
In the event of any inconsistency between the provisions of this Act and Division 2 of Part XIV of the Financial Services Act 2013 or Division 2 of Part XV of the Islamic Financial Services Act 2013, Division 2 of
Part XIV of the Financial Services Act 2013 and Division 2
of Part XV of the Islamic Financial Services Act 2013 shall prevail.”.