Malaysia legislation

Section 84

of BANK SIMPANAN NASIONAL BERHAD ACT 1997

Section 84

(a)

cease the continued issue of the advertisement;

(b)

modify the advertisement in such manner as may be specified by the Minister;

(c)

cease the issue of any advertisement which is, wholly or substantially, a repetition of such advertisement;

(d)

take all practical steps to withdraw the advertisement from every and all publication or display of it; or

(e)

publish a statement in like manner as the advertisement issued earlier to retract or modify such advertisement.

90

(2)

The Minister may revoke or amend any directions issued under subsection (1) by a notice in writing to the Bank.

(3)

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 one million ringgit and, in the case of a continuing offence to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction.

Prohibition on receipt of gifts, commissions, etc.