Malaysia legislation
Section 10
Section 10
The principal Act is amended by substituting for section 15
the following section:
Quoted provision
Section 15
(a)
by way of deposit in any currency in—
(i)
the Central Bank of Malaysia;
(ii)
any financial institution licensed under the Financial Services Act 2013 [Act 758];
(iii)
any development financial institution as defined under the Development Financial
Institutions Act 2002 [Act 618];
(iv)
any Islamic bank licensed under the Islamic
Financial Services Act 2013 [Act 759]; or
(v)
any bank or financial institution established by or under any written law in or outside
Malaysia;
(b)
in money market instruments, including treasury bills, bankers’ acceptances, certificates of deposit and any financial instruments recognized by the relevant regulatory body in any currency;
(c)
in bonds, commercial notes, private debt securities, promissory notes and bills of exchange within the meaning of the Bills of Exchange Act 1949
[Act 204] and other negotiable instruments of similar nature on terms remunerative to the Lembaga, in respect of any company or corporation or in respect of any public authority or corporation in which the Federal Government has an interest;
(d)
in securities issued or fully guaranteed by any sovereign government, supranational or multilateral organization and includes securities where any sovereign government, supranational or multilateral organization is the obligor;
(e)
in securities issued or fully guaranteed by the Government of Malaysia, secured by any sovereign government, supranational or multilateral organization and includes securities where any sovereign government, supranational or multilateral organization is the obligor and any instrument issued by the Central Bank of Malaysia;
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(f)
in the acquisition or subscription for shares or debentures in any public company whose securities are listed or have been approved for listing on a stock exchange in Malaysia, the issue or sale of which has been approved under the Capital Market and Services Act 2007 [Act 671] or securities in a company which has been approved to be listed in any recognized stock exchange outside Malaysia subject to the listing of such security being approved by law in that foreign jurisdiction;
(g)
in the securities of which shall include bonds, notes, mortgage papers, commercial notes and other debt instrument of companies or corporations which are not listed and quoted on any stock exchange established in Malaysia and in the securities of companies or corporations which are incorporated in foreign jurisdiction;
(h)
in the acquisition of moveable or immoveable property and interests therein located in Malaysia or in any foreign jurisdiction;
(i)
in the development of buildings and infrastructure located in Malaysia or in any foreign jurisdiction;
(j)
in purchasing securities or subscribing to any product for the purpose of hedging or carrying out dealings in any derivatives instruments for the investment of the Tabung;
(k)
in funds domiciled in Malaysia or in any foreign jurisdiction which include segregated mandate which invest in the assets under this section;
(l)
in products as approved by the Securities Commission
Malaysia or any other relevant regulators in any foreign jurisdiction;
(m)
in sale, purchase, repurchase, borrowing or lending, of or other dealings in, currencies or other financial instruments traded in the money market or foreign exchange market for the purpose of exercising investment which has been approved under this section; and
Tabung Angkatan Tentera (Amendment)
(n)
in any other investment with the approval of the Minister and Minister of Finance.”.
New sections 24 and 25