Banking and Financial Institutions Act 1989 · As enacted · Part II
Section 4
Official textFrom Laws of Malaysia Online, unchanged
No person shall carry on—
person
"person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
banking, finance company, merchant banking or discount house business, unless it is a public company; or
finance company
"finance company" means a person which carries on finance company business;
money-broking business, unless it is a corporation, and holds a valid licence granted under section 6 (4) to carry on such business.
money-broking business
"money-broking business" means the business of arranging transactions between buyers and sellers in the money or foreign exchange markets as an intermediary in consideration of brokerage fees paid or to be paid, but does not include the buying or selling of Malaysian currency or foreign currencies as a principal in such markets;
A bank . . .
Terms defined in s 2
corporation
Defined · s 2"corporation" has the meaning assigned thereto by the Companies Act 1965;
discount house business
Defined · s 2"discount house business" means— (a) the business of— (i) receiving deposits on deposit account; and (ii) the investment of such deposits and other funds of the institution in Malaysian Government securities, Treasury bills or such other investments as may be prescribed by the Bank; or (b) such other business as the Bank, with the approval of the Minister, may prescribe;
finance company
Defined · s 2"finance company" means a person which carries on finance company business;
licence
Defined · s 2"licence" means a licence granted or deemed to be granted under section 6 (4);
money-broking business
Defined · s 2"money-broking business" means the business of arranging transactions between buyers and sellers in the money or foreign exchange markets as an intermediary in consideration of brokerage fees paid or to be paid, but does not include the buying or selling of Malaysian currency or foreign currencies as a principal in such markets;
person
Defined · s 2"person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
public company
Defined · s 2"public company" has the meaning assigned thereto by the Companies Act 1965;
Part III
Scheduled Businesses and Representative Offices
Part IV
Restrictions Relating to Acceptance and Solicitation of, Advertisement for, and Inducement to Make, Deposits
Part V
Subsidiaries and Offices of Licensed Institutions
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