Section 89
Amendment of section 196
of Malaysia Deposit Insurance Corporation (Amendment) Act 2016
Amendment ActIn forceProvision 89 of 98
Section 89
Section 196 of the principal Act is amended by substituting for subsection (4) the following subsection:
“(4) For the purposes of this section, “controller” means a person who has obtained an approval of the Minister under section 88 of the Financial Services Act 2013 or section 100
of the Islamic Financial Services Act 2013.”.