Section 3

in the definition of “domestic company”, by substituting for the words “Companies Act 1965 [Act 125]” the words

“Companies Act 2016 [Act 777]”;

in the English language text, in the definition of

“foreign offshore company”, by substituting for the words

‘ “foreign offshore company” ’ the words ‘ “foreign

Labuan company” ’; and

in the definition of “resident”, by substituting for the words “pursuant to section 43 of the Exchange

Control Act 1953 [Act 17]” the words “pursuant to paragraph 214(6)(a) of the Financial Services

Act 2013 [Act 758] and paragraph 225(6)(a) of the

Islamic Financial Services Act 2013 [Act 759]”.

Amendment of section 7