Section 58
Section 120 of the principal Act is amended—
of Malaysia Deposit Insurance Corporation (Amendment) Act 2016
Amendment ActIn forceProvision 58 of 98
Section 58
(a)
in subsection (1), by deleting the words “or registration, as applicable,”;
(b)
in paragraph (1)(a), by deleting the words “or a licensed finance company as defined under section 2 of the
Banking and Financial Institutions Act 1989”;
(c)
in paragraph (1)(b), by deleting the words “as defined under section 2 of the Islamic Banking Act 1983”; and
(d)
in subsection (2), by deleting the words “or registration”.