Section 15

For the purposes of subsection (1), the competent authority may issue any directions, instruction, guideline, circular, standard, notice, specification or requirement to, or impose any condition on, the reporting institution, or the director, officer or employee of the reporting institution on the form and manner of the centralization of information.

The reporting institution, or the director, officer or employee of the reporting institution shall comply with the directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or the condition imposed under subsection (2).

Any reporting institution which, or the director, officer or employee of the reporting institution who, contravenes subsection (1) or (3) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit.”.

Amendment of section 16