Malaysia legislation
Section 52
Section 52
(2)
Where a licensed institution proposes to provide its property as security in respect of a credit facility to be given by any person to the licensed institution or to any other person, it shall, before doing so, submit a report on the matter to the Bank.
(3)
The report required to be submitted under subsection (1) or (2) shall contain all relevant details and particulars of the transaction and shall, in any case, include the following:
(i)
the names and addresses of the persons to whom the credit facility is proposed to be given;
(ii)
the name and address of the licensed institution whose property is to be provided as security for the proposed credit facility;
(iii)
details of the property to be provided as security for the proposed credit facility; and
(iv)
the amount of the proposed credit facility.