Malaysia legislation
Section 23
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 23
Amendment of section 51
(a)
by substituting for subsection (2) the following subsection:
“(2) The premium surcharge payable by a deposit-taking member under subsection (1) in any particular assessment year shall not exceed the premium
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payable by the deposit-taking member in respect of the preceding assessment year or one million ringgit, whichever is higher.”;
(b)
by deleting paragraph (3)(a); and
(c)
in paragraph (3)(b), by inserting after the words
“notifications,” the words “directives,”.
Amendment of section 52