Malaysia legislation

Section 16

of DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015

Section 16

Amendment of section 15

Section 15 of the principal Act is amended by substituting for subsection (2) the following subsection:

“(2)  Any prescribed institution that contravenes subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding fifty million ringgit or to both.”.