Malaysia legislation
Section 7
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 7
Amendment of section 25
(a)
in paragraph (a)—
(i)
by substituting for subparagraph (ii) the following subparagraph:
“(ii) except for purposes of the provision of liquidity assistance, make loans or advances or provide financing with or without security, or guarantee with or without security any loan, advance or financing provided, to a member institution;”; and
(ii)
in subparagraph (iii), by inserting after the words
“by way of security or otherwise,” the words
“or subscribe to”;
(b)
in paragraph (h), by deleting the word “and” at the end of the paragraph; and
(c)
by inserting after paragraph (h) the following paragraph:
“(ha) provide such subsidies, grants, Islamic financing facility or conventional credit facility, with or without return or interest, to any person for the purpose of training, research, education or development of human resource in relation to banking and financial services; and”.
Amendment of section 26