31. Power to make rules and regulations

(1)

The Board may make such rules and regulations as may be necessary for the purpose of carrying out or giving effect to any of the provisions of this Act.

Bank Simpanan Nasional 27

(2)

In particular, and without prejudice to the generality of the power conferred by subsection (1), such rules and regulations may relate to—

(a)

the operation of schemes for saving with the Bank;

(b)

the provision of loans and advances for housing and other specific purposes;

(c)

the investment of the funds of the Bank;

(d)

the operation of giro services; and

(e)

the issue and promotion of premium savings certificates and the holding, promoting, organizing and administering of draws related thereto:

Provided that such rules and regulations relating to policy shall require the approval of the Minister.

Report

Read on from s 32

Part VIII

Repeal and Transitional

Read on from Part VIII

31. Power to make rules and regulations

Terms defined in s 2

Repeal and Transitional