Section 88
Section 180 of the principal Act is amended—
of Malaysia Deposit Insurance Corporation (Amendment) Act 2016
Amendment ActIn forceProvision 88 of 98
Section 88
(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”.