Malaysia legislation

Section 94

of BANKING AND FINANCIAL INSTITUTIONS ACT 1989

Section 94

(2)

For the purposes of taking action under subsection (1) the Minister may, where practicable to do so apply mutatis mutandis the provisions of this Act relating to the revocation or restriction of the licence of a licensed institution, with all such modifications, variations, adaptations, alterations, amendments, additions, deletions or substitutions, as he may consider necessary or expedient.

(3)

Where any revocation or restriction has been effected under subsection (1) in respect of any non-scheduled institution, such institution and any other person affected by the revocation or restriction shall comply with such revocation or restriction and with any terms or conditions to which it has been made subject.