Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part I · Preliminary
4. Functions of the Bank
Feedback & supportThe Bank shall have all the functions conferred on it by this
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
Act and the Governor shall perform the functions of the Bank on its behalf.
Governor
“Governor” and “Deputy Governor” mean the Governor and Deputy Governor of the Bank respectively;
The Bank may authorize a Deputy Governor or any of its officers to perform any of its functions under this Act.
Deputy Governor
“Governor” and “Deputy Governor” mean the Governor and Deputy Governor of the Bank respectively;
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development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;
The Bank may establish and authorize a committee consisting of members as the Bank may determine to perform any or all of its functions under this Act on behalf of and in the name of the Bank.
The Bank may, either generally or in a particular case, appoint a person who is not an officer of the Bank to perform any or all of its functions on behalf of and in the name of the Bank or render such assistance in the performance of its functions under this Act as the
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Bank may specify.
specify
“specify” means specify in writing by way of standards or any other forms;