Malaysia legislation
Section 9
Section 9
Section 77 of the principal Act is amended by substituting for subsection (1) the following subsection:
“(1) Notwithstanding the provisions of this Act, the Board may, for the purpose of giving effect to the objects of the
Bank or safeguarding the balance of payments position, by notice in writing give directions to, or impose requirements on, any person including financial institutions in respect of or relating to—
(a)
transactions between residents, non-residents or residents and non-residents, in ringgit or foreign
Central Bank of Malaysia (Amendment)
9
currency, or involving gold, other precious metals, securities or other financial instruments including derivatives; or
(b)
the receipt, surrender or retention of foreign currency, gold or other precious metals:
Provided that any direction given or requirement imposed shall not affect the enforcement by the parties of their rights under a qualified financial agreement.”.
Amendment of section 82