Section 101

any office in Malaysia of any licensed foreign bank;

a representative office in Malaysia of a foreign institution;

a licensed institution which is a subsidiary of a foreign institution; or

a licensed institution which is an associate of a foreign institution, established in that country, territory or place.

In granting an approval under subsection (1), the Bank may impose such terms, restrictions and conditions as it deems fit.

Where the Bank has granted its approval under subsection (1), the provisions of section 97 shall not apply in relation to the examination to be carried out under such approval, to the extent specified in the approval.

A copy of the report of an examination under subsection (1) shall, unless otherwise allowed by the Bank, be lodged with the Bank upon the conclusion of such examination.

For the purposes of this section and section 102, "relevant supervisory authority" means an authority which exercises functions corresponding to those of the Bank under this Act, or any person exercising such regulatory functions as may be deemed appropriate by the Bank after taking into account the representations made by the person as to the desirability of or the necessity for the examination.