Section 34
Advance against security of own shares or shares of holding company
of Bank Simpanan Nasional Berhad Act 1997
The Bank shall not give any credit facility, or enter into any other transaction, against the security of its own shares or the shares of its holding company.
(2)
Where the Bank fails to comply with subsection (1), it shall be guilty of an offence and shall on conviction be liable to a fine not exceeding three million ringgit.
(3)
Where the Bank is guilty of an offence under subsection (2), any person who at the time of the commission of the offence was a person responsible for the Bank shall also be guilty of that offence and shall on conviction be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding three years or to both.