Section 37
Maintenance of liquid assets
of Development Financial Institutions Act 2002
The Bank may specify that a prescribed institution shall hold such minimum, or minimum average, amount of liquid assets in
Malaysia as may be set out in the specification at all times or for such period, and in such ratio or formula.
(2)
(Deleted by Act A1502).
(3)
For the purpose of subsection (1), the minimum, or minimum average, amount of liquid assets shall be expressed as a percentage of all or such of its liabilities incurred by its offices in Malaysia as may be set out in the specification.
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(4)
For the purpose of subsection (1), the Bank shall specify a period of not less than seven days within which a prescribed institution shall comply with the specification.
(5)
(Deleted by Act A1502).
(6)
The Bank may prohibit any prescribed institution from giving any financing facilities to any person during the period in which the prescribed institution has failed to comply with any requirement of a specification under this section.