Banking and Financial Institutions Act 1989 · As enacted · Part V · Subsidiaries and Offices of Licensed Institutions
Section 30
Official textFrom Laws of Malaysia Online, unchanged
Without the prior written consent of the Bank (a) a licensed local institution shall not open any office in or outside Malaysia; and
a licensed foreign bank shall not open any office in Malaysia.
licensed foreign bank
"licensed foreign bank" means any licensed bank established outside Malaysia;
Terms defined in s 2
licensed foreign bank
Defined · s 2"licensed foreign bank" means any licensed bank established outside Malaysia;
licensed local institution
Defined · s 2"licensed local institution" means any licensed institution established in Malaysia;
office
Defined · s 2"office" includes the principal place of business, a branch, an agency, a mobile place of business, a place of business set up and maintained for a limited period only, an electronic terminal and any other place of business;
Part VI
Restrictions on Dealings of Licensed Institutions
Part VII
Financial Requirements and Duties of Licensed Institutions
Part VIII
Ownership, Control and Management of Licensed Institutions
Part IX
Restrictions on Business of Licensed Institutions
Part X
Powers of Supervision and Control Over Licensed Institutions
Part XI
Investigation, Search and Seizure
Part XII
Application of Parts X and XI to Non-Scheduled Institutions Engaged in Provision of Finance
Part XIII
Information and Secrecy
Part XIV
Offences
Part XV