Section 7 — AKTA KUMPULAN WANG PERSARAAN (PINDAAN) 2015

(a)

in subsection (1)—

(i)

by substituting for paragraph (a) the following paragraph:

“(a) on deposit in any currency including the ringgit in—

(i)

the Central Bank of Malaysia;

(ii)

any duly licensed financial institution as defined under the Financial Services

Act 2013 [Act 758];

(iii)

any development financial institution as defined under the Development Financial

Institutions Act 2002 [Act 618];

(iv)

any Islamic bank under the Islamic

Financial Services Act 2013 [Act 759];

or

(v)

any bank or duly licensed financial institution outside Malaysia;”;

(ii)

in paragraph (b), by substituting for the words “and certificates of deposit” the words “, certificates of deposit and any financial instruments recognized by the relevant regulatory body”;

(iii)

in paragraph (d), by inserting after the words “the

Retirement Fund (Incorporated)” the words “and with the acceptable credit criteria”;

(iv)

in paragraph (h), by substituting for the words

“the *Securities Industry Act 1983 [Act 280]” the words “the Capital Market and Services Act 2007

[Act 671] or securities in a company which has been approved to be listed in any stock exchange outside

Malaysia subject to the listing of such security being approved by law in the foreign jurisdiction”;

Retirement Fund (Amendment)

(vi)

in paragraph (j), by deleting the word “and” at the end of the paragraph; and

(vii)

by inserting after paragraph (j) the following paragraph:

“(ja) with the approval of the Minister—

(i)

in the development of buildings, infrastructure and natural resources, and the interest within;

(ii)

in securities issued or fully guaranteed by any sovereign government, supranational or multilateral organization and includes securities where any sovereign government, supranational or multilateral organization is the obligor;

(iii)

in securities issued or fully guaranteed by the Government of Malaysia, secured by any sovereign government, supranational or multilateral organization and includes securities where any sovereign government, supranational or multilateral organization is the obligor and any instrument issued by the Central

Bank of Malaysia;

(iv)

in purchasing securities or subscribing to any product for the purpose of hedging the investments of the Fund;

(v)

in private equity fund managed by—

(A)

any fund management company registered with the Securities

Commission Malaysia or

Companies Commission of

Malaysia;

(B)

any fund management company registered by any regulatory body outside Malaysia; or

(C)

any limited liability partnership registered by any regulatory body outside Malaysia; and”; and

(b)

in subsection (2)—

(i)

in the national language text, by inserting after the words “perenggan (1)(i)” the words “dan (ja)”;

and

(ii)

in the English language text, by substituting for the words “under paragraph (1)(i)” the words “under paragraphs (1)(i) and (ja)”.

New section 21a