Malaysia legislation
Section 58
of SARAWAK SOVEREIGN WEALTH FUTURE FUND BOARD ORDINANCE, 2022
Section 58
(2)
Without prejudice to the generality of subsection (1), regulations may be made for the following purposes—
(a)
prescribing the procedures to be followed for the administration and management of the Fund;
(b)
prescribing the procedures to be followed for investment activities carried out pursuant to this Ordinance;
(c)
regulating any of the activities or prescribing any procedures of the Board and generally the performance of the functions, the exercise of the powers and discharge of the duties of the Board under this Ordinance; and
(d)
providing for such other matters as are contemplated by, or necessary for giving full effect to the provisions of this
Ordinance and for their due administration.
(3)
Such regulations may provide that the contravention of any particular rules shall constitute an offence and may provide for the punishment of any such offence by penalties not exceeding a fine of fifty thousand ringgit and imprisonment not exceeding three years, or to both.
Offences