Malaysia legislation

Section 8

of CENTRAL BANK OF MALAYSIA (AMENDMENT) ACT 2013

Section 8

Amendment of section 48

(a)

by deleting the word “and” appearing at the end of paragraph (1)(d);

(b)

by inserting after paragraph (1)(d) the following paragraph:

“(da) establish a body corporate or acquire or hold shares of a body corporate, wholly or partly, for the purposes of carrying out the functions of a bridge institution under any written law enforced by the Bank; and”; and

(c)

in subsection (5), by substituting for the words

“paragraph (1)(d)” the words “paragraphs 1(d) and (da).”.

Amendment of section 77