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Banking and Financial Institutions Act 1989 · s 29
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Banking and Financial Institutions Act 1989 · s 29
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
No licensed institution shall—
if it is a licensed local institution, establish or acquire any subsidiary in or outside Malaysia; or
if it is a licensed foreign bank, establish or acquire any subsidiary in Malaysia, without the prior written consent of the Bank.