Malaysia legislation
Section 4
Section 4
(2)
The Minister shall, prior to any action under subsection (1), notify his intention in writing to take such action to the licensed bank concerned and shall give the licensed bank an opportunity to submit within such period, being not less than fourteen days, as may be specified in the notification reasons why the condition of the licence should not be so varied or revoked.
(3)
Where a licence is subject to conditions, the licensed bank shall comply with those conditions.
10
(4)
Any licensed bank which fails to comply with any condition of its licence shall be guilty of an offence and shall on conviction be liable to a fine not exceeding five thousand dollars.