Malaysia legislation
Section 79
Section 79
Any reference in this Part to a licensed institution shall be read as including a reference to—
(a)
a related corporation of such licensed institution; and
(b)
a person controlled by a director or directors of the licensed institution, or by persons acting in concert with a director or directors of the licensed institution.
Provided that nothing in this Part shall apply to a related corporation of a licensed foreign bank, where the related corporation is established outside Malaysia and is not carrying on business in Malaysia.