Malaysia legislation

Section 18

of DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015

Section 18

Amendment of section 18

Section 18 of the principal Act is amended by substituting for subsection (3) the following subsection:

“(3)  Any person who contravenes subsection (1) or any prescribed institution that contravenes subsection (2) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding eight years or to a fine not exceeding twenty-five million ringgit or to both.”.

Section 18 — DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015