Section 23

in the shoulder note, by inserting after the word

“subsidiaries” the words “or acquisition or holding of material interest in corporations”;

in subsection (1), by inserting after the word “Malaysia”

the words “, or acquire or hold any material interest in any corporation”;

by deleting subsection (2);

in subsection (3), by inserting after the word “subsidiary”

the words “, or acquire or hold any material interest in any corporation,”;

Development Financial Institutions (Amendment)

by substituting for subsection (4) the following subsection:

“(4)  Every prescribed institution shall at all times comply with any condition as may be specified by the Bank under subsection (3).”; and

by inserting after subsection (4) the following subsection:

“(5)  The Bank may specify what constitutes

“material interest” for the purposes of subsection (1)

and paragraph 26(1)(d).”.

Amendment of section 26