Section 5

by substituting for the word “three” the word “twelve”

wherever it appears in paragraphs (e) and (l);

by substituting for the word “six” the word “twelve” in paragraph (f);

by inserting after the word “months” the words “or such period as may be approved by the Minister on the

*NOTE—The Central Bank of Malaysia Ordinance 1958 [Ord. 61 of 1958] has since been revised in March 1994 as the Central Bank of Malaysia Act 1958 [Act 519].

7

Finance (Banking and Financial Institutions)

recommendation of the Board” wherever it appears in paragraphs (e), (f) and (l);

by inserting after the words “the Government” the words

“or the Bank” in paragraph (fff);

by inserting after paragraph (mmm) the following new paragraph (mmmm):

“(mmmm) establish a central bureau to collect, in such manner and to the extent as the Bank may think fit, information on and relating to rejection by a paying bank of any cheque for reason of insufficient funds in the account of the drawer of the cheque, and to disclose any such information to any bank for the purpose only of assisting the bank to assess the eligibility of the drawer to maintain or open any current account with the bank;”; and

by inserting after paragraph (n) the following new paragraphs (nn) and (nnn):

“(nn) place deposits in any bank or finance company licensed under the Finance Companies Act 1969

within the Federation;

(nnn) purchase, under repurchase agreements, and subject to such terms as may be approved by the Minister on the recommendation of the Bank, and sell any certificate of deposit issued by any bank or finance company licensed under the Finance Companies

Act 1969;”.