Banking and Financial Institutions Act 1989 · As enacted · Part VII · Financial Requirements and Duties of Licensed Institutions
Section 43
Official textFrom Laws of Malaysia Online, unchanged
Every licensed institution shall submit to the Bank—
licensed institution
"licensed institution" means any institution licensed or deemed to be licensed under section 6 (4);
a statement showing the assets and liabilities of the institution at its principal place of business and at each other office of the institution in Malaysia respectively; and
liabilities
"liabilities" includes debts, duties and obligations of every kind, whether present or future, or whether vested or contingent;
such further information, documents, statistics or returns as the Bank may specify.
Notwithstanding the provisions of sections 96 and 97, the Bank may require—
any class or category of licensed institutions, other than a licensed discount house or a licensed money-broker, to submit a statement showing such credit information relating to their customers as is required for the purposes of the credit bureau established under section 30 (1) (mmm) of the Ordinance; and
a licensed bank to submit a statement showing such information relating to their customers as is required for the purposes of the central bureau established under section 30 (1) (mmmm) of the Ordinance.
Every licensed local institution which operates any office outside Malaysia shall submit to the Bank such information relating to the operations of such office as may be specified by the Bank.
licensed local institution
"licensed local institution" means any licensed institution established in Malaysia;
Except for the purposes of subsection (2), any information received from a licensed institution under this section shall be regarded as secret between that institution and the Bank.
Notwithstanding anything in this Act, the Bank may publish consolidated statements in respect of each class or category of licensed institutions as the Bank deems appropriate aggregating the figures in all or any of the returns submitted under subsection (1), and no provision in any written law relating to secrecy shall apply to such consolidated statements.
Terms defined in s 2
established
Defined · s 2"established", in relation to— (a) a corporation, means incorporated; (b) a statutory body, means its coming into existence under the law establishing, appointing or constituting it; (c) a co-operative society, means registered; (d) a partnership, means its formation; (e) a sole-proprietorship, means the commencement of its business; or (f) any other individual, body, association or group of persons, whether corporate or unincorporate, which requires registration or other form of recording or recognition under any written law before it can lawfully commence its activities, means its registration, recording or recognition thereunder;
liabilities
Defined · s 2"liabilities" includes debts, duties and obligations of every kind, whether present or future, or whether vested or contingent;
licensed bank
Defined · s 2"licensed bank" means a bank licensed or deemed to be licensed under section 6 (4);
licensed discount house
Defined · s 2"licensed discount house" means a discount house licensed under section 6 (4);
licensed institution
Defined · s 2"licensed institution" means any institution licensed or deemed to be licensed under section 6 (4);
licensed local institution
Defined · s 2"licensed local institution" means any licensed institution established in Malaysia;
licensed money-broker
Defined · s 2"licensed money-broker" means a money-broker licensed under section 6 (4);
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;
specify
Defined · s 2"specify", where no mode is mentioned, means specify from time to time in writing, and a power to specify includes the power to specify differently for different persons or different classes, categories or descriptions of persons;
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