Malaysia legislation

Section 120

of BANKING AND FINANCIAL INSTITUTIONS ACT 1989

Section 120

(2)

No licensed institution shall do any business with the public on any day declared a holiday for such licensed institution under the provisions of subsection (1).

(3)

A day declared as a holiday under the provisions of subsection (1) shall not necessarily be a public holiday and nothing in this section shall affect the provisions of any written law relating to public holidays.

(4)

Any reference to a holiday for licensed institutions, or for any class, category or description of licensed institutions, in any written law shall include—

(a)

any day declared to be a holiday under the provisions of subsection (1); and

(b)

any day which is a public holiday within the meaning of any written law relating to public holidays.

Read in full context — BANKING AND FINANCIAL INSTITUTIONS ACT 1989 →