Malaysia legislation

Section 29

of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016

Section 29

Amendment of section 60

Section 60 of the principal Act is amended by inserting after the words “a deposit-taking member that holds the deposit,”

the words “a former deposit-taking member as referred to in paragraph 40(1)(b) or any person to whom the deposit liability has been transferred under subsection 44(1),”.

Section 29 — MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016