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In forceUpdated to 6 Oct 2023Read it in Bahasa Malaysia
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Part III · Restrictions on Business

29. Single counterparty exposure limit

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(1)

Subject to subsection 28(1) and except as may be approved by the Minister on the recommendation of the Bank, no prescribed institution shall have an exposure to a single counterparty, whether in relation to its own funds or any trust fund it manages under section 43, which exceeds the limit as may be specified by the Bank.

(1A)

An exposure to a single counterparty referred to in subsection (1) shall include an exposure to any group of persons connected to such single counterparty but shall not include any exposure to, and any exposure explicitly guaranteed by, the Bank or the Government.

(1B)

For the purposes of this section, the Bank may specify what constitutes “connected”, “counterparty” or “exposure”.

(2)

(Deleted by Act A1502).

(3)

(Deleted by Act A1502).

(4)

(Deleted by Act A1502).

48

(5)

(Deleted by Act A1502).

(6)

(Deleted by Act A1502).

Report

Read on from s 30

Part IV

Obligations and Sourcing of Funds

Read on from Part IV

Part V

Dealings with Government Funds

Read on from Part V

Part VI

Control of Defaulter

Read on from Part VI

Part VII

Auditor and Accounts

Read on from Part VII

Part VIII

Examination and Investigation

Read on from Part VIII

Part IX

Miscellaneous

Read on from Part IX

Schedules