Section 41

in the case of a licensed local institution, the directors under section 169 (5) of the Companies Act 1965, and

in the case of a licensed foreign bank, the directors, prepared in the manner set out in section 169 (5), (6), (7) and (8) of the Companies Act 1965 and containing the matters, information, particulars and details required to be contained in a report under that section, notwithstanding that the said section does not apply to the licensed foreign bank.

where it is a licensed local institution with offices or subsidiaries outside Malaysia, all the documents referred to under subsection (1) in respect of—

its operations in each country outside Malaysia; and

its entire operations both in and outside Malaysia on a consolidated basis and.

where it is a licensed foreign bank, the balance sheet and such other documents as may be specified by the Bank, in respect of its entire operations both in and outside Malaysia.

the Bank is satisfied that the licensed institution has complied with the provisions of subsections (1) and (3); and

the documents and information supplied thereunder are in such form and contain such information as is acceptable to the Bank, the licensed institution shall not—

lay its accounts before its general meeting;

publish the same under section 42; or

take such other action in relation thereto as the Bank may specify, except where the Bank otherwise approves in writing, and any such approval may be made subject to such terms and conditions as may be set out therein.