Section 96
Examinations
of Malaysia Deposit Insurance Corporation Act 2011
For the purposes of this Act, the Corporation or Bank Negara
Malaysia, upon request by the Corporation, may examine the operations of a member institution.
(2)
The scope of examinations under subsection (1) may include the examination of—
(a)
whether proper and adequate records of its deposit or takaful or insurance benefit liabilities are maintained by a member institution;
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(b)
whether reports made by a member institution on its premiums, levies, deposit liabilities, takaful liabilities or insurance liabilities are substantially correct;
(c)
compliance with terms and conditions or any other requirements of the membership; or
(d)
any other areas that the Corporation thinks appropriate, after consultation with Bank Negara Malaysia.
(3)
The Corporation may commission another person to conduct any examinations under subsection (2) or subsection 97(1).
(4)
A copy of a report of any examination under subsection (1) or commissioned under subsection (3) shall be provided by the
Corporation to Bank Negara Malaysia within a period of three months after the completion of the examination.
(5)
The Corporation may recover any costs and expenses incurred under this section from a member institution as a debt due and payable to the Corporation.