Malaysia legislation
Section 43
Section 43
Section 66e of the principal Act is amended—
(a)
in the shoulder note, by substituting for the words
“Directions and guidelines” the words “Directions, etc.,”;
(b)
in subsection (1)—
(i)
by substituting for the words “the relevant regulatory or supervisory authority may issue such directions and guidelines to” the words “the competent authority or the regulatory or supervisory authority, as the case may be, may issue any directions, instruction, guideline, circular, standard, notice, specification or requirement to, or impose any condition on,”; and
(ii)
by substituting for the words “as the relevant regulatory or supervisory authority considers necessary” the words “as the competent authority or the regulatory or supervisory authority considers necessary”;
(c)
in subsection (2), by substituting for the words
“a direction or guideline is issued under subsection (1)
shall comply with the direction or guidelines” the words
“a directions, instruction, guideline, circular, standard, notice, specification or requirement is issued, or a condition is imposed under subsection (1) shall comply with the directions, instruction, guideline, circular, standard, notice, specification, requirement or condition”;
(d)
in subsection (3), by substituting for the words
“direction or guidelines made” the words “directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or any condition imposed”;
(e)
by substituting for subsection (4) the following subsection:
“(4) An institution shall not disclose any directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or any condition imposed under subsection (1) if the competent authority or the regulatory or supervisory authority, as the case may be, notify the institution that the competent authority or the regulatory or supervisory authority is of the opinion that such disclosure is against public interest.”;
(f)
in subsection (5), by substituting for the words “direction or guideline issued to it” wherever appearing the words
“directions, instruction, guideline, circular, standard, notice, specification or requirement issued to, or condition imposed on, the institution”; and
(g)
in subsection (6), by substituting for the words
“The relevant regulatory or supervisory authority”
the words “The competent authority or the regulatory or supervisory authority, as the case may be,”.
New section 66g