Malaysia legislation
Section 88
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 88
Amendment of section 180
(a)
by inserting after subsection (2) the following subsection:
“(2a) If a person is a counterparty to two or more qualified financial transactions under a qualified financial agreement with the same affected person, the conservator may only transfer to a bridge institution or qualified third party all or none of the qualified financial transactions between the affected person and that person.”; and
52
(b)
in subsection (3), by substituting for the words “referred to in paragraph 115(1)(i) and applies to a property” the words “relating to financial collateral that applies to any property”.
Amendment of section 196