Malaysia legislation

Section 80

of DEVELOPMENT FINANCIAL INSTITUTIONS (AMENDMENT) ACT 2015

Section 80

Section 90 of the principal Act is amended—

(a)

in paragraph (2)(b)—

(i)

by inserting after the word “him” the words

“, within the time specified by such officer,”; and

(ii)

by substituting for the words “report or document”

the words “report, document, apparatus, equipment, machinery, computer, computer output, system, data, books, information, article or thing which may assist in the investigation into the offence or breach”;

(b)

by substituting for subsection (3) the following subsection:

“(3)  Any person who contravenes subsection (2)

commits an offence and shall on conviction be liable to imprisonment for a term not exceeding eight years or to a fine not exceeding twenty-five million ringgit or to both.”; and

(c)

in subsection (8), by substituting for the words “to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding one year or to both and, in the case of a continuing offence, to a further fine not exceeding one thousand ringgit, for each day during which the offence continues after conviction” the words

“to imprisonment for a term not exceeding eight years or to a fine not exceeding twenty-five million ringgit or to both”.

Amendment of section 91