Malaysia legislation
Section 11
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2022
Section 11
Amendment of section 41
(a)
in subparagraph (1)(a)(i), by inserting after the words
“primarily liable” the words “and which meets the criteria as specified by the Corporation”;
(b)
in subsubparagraph (1)(a)(E), by deleting the word “and”
at the end of the subsubparagraph;
(c)
by inserting after subsubparagraph (1)(a)(E) the following subsubparagraph:
“(EA) an investment linked to derivatives; and”; and
(d)
by deleting subsection (2).
New section 46a