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In forceUpdated to 31 Dec 2025Read it in Bahasa Malaysia

Part IX · Enforcement

107. Application for review or appeal of decision under paragraph 106(3)(b)

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(1)

Any person who is aggrieved by the decision of a Regulatory and Supervisory Authority under paragraph 106(3)(b)

may within thirty days after the aggrieved person is notified of such decision, apply in writing to—

(a)

in the case of a decision made by the Regulatory and

Supervisory Authority which is the Commission, the Central Bank of Malaysia or the Securities Commission

Malaysia, as the case may be, the respective Regulatory and Supervisory Authority to review its decision; or

(b)

in the case of a decision made by the Regulatory and

Supervisory Authority which is the Malaysia Co-operatives

Societies Commission, the Ministry of Housing and

Local Government or the Ministry of Domestic Trade and Cost of Living, as the case may be, the respective

Minister in charge of such Regulatory and Supervisory

Authority for an appeal against such decision.

(2)

The review referred to under paragraph (1)(a) shall not include persons who took part in the earlier deliberation of such decision.

(3)

A decision of the Regulatory and Supervisory Authority or the Minister, as the case may be, under subsection (1) is final.

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