Malaysia legislation
Section 9A
Section 9A
Participating investing institutions and primary investing institutions
(2)
The Bank may appoint in writing any participating investing institution to be a primary investing institution.
(3)
Only a primary investing institution may make an investment with the Bank, and the Bank shall maintain an entry in its records of every such investment.
(4)
A participating investing institution shall maintain a single account with the Bank—
(a)
of all transfers of investments to itself by another participating investing institution or by itself to another participating investing institution; and
(b)
where the participating investing institution has been appointed a primary investing institution under subsection (2), there shall be included in such single
Government Funding 11
account mentioned in paragraph (a) an account of all its investments under subsection (3).
(5)
The Bank shall pay to the participating investing institution return on each of its investments standing in its account under subsection (4) on the date the return becomes payable under section 8, and shall pay to such institution each of the investments standing in its account under subsection (4) as provided under section 9.
(6)
The Bank shall maintain records of the account of a participating investing institution, and such records shall be the sole and conclusive evidence of the state of such account, and of all the particulars and details thereof, and the same shall be binding on the
Bank, the participating investing institution and on any other person having any interest therein.
Depository institutions