Section 150
Application of provisions in respect of member institution
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 170 of 236
Section 150
(1)
Where a stabilisation coverage is provided in respect of a prescribed person, all of the provisions of this Act that are applicable to a member institution shall apply to a prescribed person.
(2)
Notwithstanding subsection (1)—
(a)
paragraph 14(1)(b) shall not apply to an officer of a prescribed person;
(b)
Chapter 2 of Part IV and Chapter 2 of Part V shall not apply to a prescribed person; and
(c)
a prescribed person shall not hold itself out to be a member institution and section 192 shall apply to such person.