Malaysia legislation
Section 39
Section 39
(2)
The minimum amount of assets to be held in Malaysia specified under subsection (1) shall be expressed as a percentage of all or such of the liabilities of the institution in Malaysia as may be set out in the specification.
(3)
In a specification under subsection (1), the Bank may specify—
(a)
different minimum amounts of assets to be held in Malaysia by different classes or categories of licensed institutions;
(b)
different types of assets to be classified as assets to be held in Malaysia for different classes or categories of licensed institutions;
(c)
different types of liabilities to be classified as liabilities for different classes or categories of licensed institutions; or
(d)
different provisions for different classes or categories of licensed institutions in relation to any matter provided under the specification, other than as provided under subsection (4).
(4)
The provisions of section 38 (4) shall apply mutatis mutandis in relation to a specification under subsection (1).