Section 94
Power to make regulations
of Central Bank of Malaysia Act 2009
ActIn forceProvision 95 of 134
Section 94
(1)
The Bank may, with the approval of the Minister, make regulations for the better carrying out of the objects and purposes of this Act.
(2)
Without prejudice to the generality of subsection (1), regulations may be made—
(a)
to give effect to section 78;
(b)
to provide for administrative penalties pursuant to section 98;
(c)
to provide that any act or omission in contravention of any provision of the regulations shall be an offence; and
(d)
to provide for the imposition of penalties for any offence under the regulations which shall not exceed one million ringgit or to imprisonment for a term not exceeding one year or to both.
Central Bank of Malaysia 89