Malaysia legislation
Section 14
Section 14
(2)
The minimum amount of liquid assets, or minimum average amount of liquid assets, specified under subsection (1) shall be expressed as a percentage of all or such of its liabilities incurred by its offices in Malaysia as may be set out in the specification.
(3)
In a specification under subsection (1), the Minister may specify—
(a)
the minimum amount of liquid assets, or minimum average amount of liquid assets;
(b)
the types of assets to be classified as liquid assets; or
(c)
the types of liabilities as mentioned in subsection (2) to be classified as liabilities for the Bank.
(4)
In a specification under subsection (1), the Minister shall specify the period, being in any case not less than seven days, within which the Bank shall comply with the specification.
(5)
The Minister may prohibit the Bank from giving any credit facilities to any person during the period in which it has failed to comply with any requirement of the specification under this section.
(6)
Where the Bank fails to comply with subsection (1) or (5), it shall be guilty of an offence and shall on conviction be liable to a fine not exceeding one per centum of the shortfall for the day or each of the days to which the charge relates.
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Bank Simpanan Nasional Berhad
Maintenance of assets in Malaysia