Malaysia legislation
Section 73
Section 73
Section 85 of the principal Act is amended—
(a)
in subsection (1)—
(i)
by substituting for the word “examiner” wherever appearing the word “Bank”;
(ii)
by substituting for the word “he” wherever appearing the words “the Bank”;
(iii)
in paragraph (a), by inserting after the words
“prescribed institution” the words “, its subsidiary”;
(iv)
in paragraph (b)—
(A)
in the national language text, by substituting for the word “pelanggan” the word “klien”;
and
(B)
by inserting after the words “prescribed i n s t i t u t i o n” the words “or its subsidiary”;
(v)
in paragraph (c), by inserting after the words
“prescribed institution” the words “or its subsidiary or a member of the Shariah committee”; and
(vi)
by substituting for the words “document or information” the words “document, information or explanation”;
Development Financial Institutions (Amendment)
(b)
by substituting for subsection (2) the following subsection:
“(2) Any person who contravenes subsection (1)
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.”; and
(c)
by substituting for subsection (3) the following subsection:
“(3) Any person falling under paragraph (1)(b), an auditor or a member of the Shariah committee referred to in paragraph (1)(c) shall not be liable for breach of a contract relating to, or duty of, confidentiality for giving a document, information or explanation under subsection (1).”.
Amendment of section 86