Malaysia legislation
Section 47
Section 47
A licensed institution shall not hold any interest in the shares—
(a)
where it is a licensed bank, of another licensed bank established in Malaysia, or of a subsidiary of another licensed institution which is not related to it;
(b)
where it is a licensed finance company, a licensed discount house or a licensed moneybroker, of another licensed institution, or of a subsidiary of another licensed institution which is not related to it; or
(c)
where it is a licensed merchant bank, of another licensed bank or licensed merchant bank established in Malaysia, or of a subsidiary of another licensed institution which is not related to it, except where the Minister, on the recommendation of the Bank, otherwise approves.