Finance (Banking and Financial Institutions) Act 1986 s 5
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 5 Amendment of section 30
Subsection (1) of section 30 of the Ordinance is amended—
(a) by substituting for the word “three” the word “twelve” wherever it appears in paragraphs (e) and (l);
(b) by substituting for the word “six” the word “twelve” in paragraph (f);
(c) by inserting after the word “months” the words “or such period as may be approved by the Minister on the
recommendation of the Board” wherever it appears in paragraphs (e), (f) and (l);
(d) by inserting after the words “the Government” the words “or the Bank” in paragraph (fff);
(e) by inserting after paragraph (mmm) the following new paragraph (mmmm): “(mmmm) establish a central bureau to collect, in such manner and to the extent as the Bank may think fit, information on and relating to rejection by a paying bank of any cheque for reason of insufficient funds in the account of the drawer of the cheque, and to disclose any such information to any bank for the purpose only of assisting the bank to assess the eligibility of the drawer to maintain or open any current account with the bank;”; and
(f) by inserting after paragraph (n) the following new paragraphs (nn) and (nnn): “(nn) place deposits in any bank or finance company licensed under the Finance Companies Act 1969 within the Federation;
(nnn) purchase, under repurchase agreements, and subject to such terms as may be approved by the Minister on the recommendation of the Bank, and sell any certificate of deposit issued by any bank or finance company licensed under the Finance Companies Act 1969;”.
*NOTE—The Central Bank of Malaysia Ordinance 1958 [Ord. 61 of 1958] has since been revised in March 1994 as the Central Bank of Malaysia Act 1958 [Act 519].
Malay text (authoritative)
Subseksyen (1) seksyen 30 Ordinan adalah dipinda—
(a) dengan menggantikan perkataan "three" di mana jua ianya terdapat dalam perenggan (e dan (1) dengan perkataan "twelve" b) dengan menggantikan perkataan "six" dalan erenggan (f) dengan perkataan "twelve"
(c) dengan memasukkan selepas perkataan "months". di mana jua ianya terdapat dalam perenggan (e), (f) dan (1) perkataan-perkataan "or such period as may be approved by the Minister on the recommendation of the Board";
(d) dengan memasukkan selepas perkataan Governmen perkataandalam perenggan (JJ) perkataan-perkataan "or the
A. [Bab II-III, S.5-6] KEWANGAN (BANK DAN INSTITUSI KEWANGAN)
(e) dengan
(mtt), memasukka basel (asmmere yan perenggan baru (mmmm) berikut: "(mmmm) establish a central bureau. to the extent as the Bank may think fit, information on and relating to rejection by a paying bank of any cheque for reason oi insufficient funds in the account of the drawer of the cheque, and o any bank for the purpose onl of assisting the bank to asses the eligibility of the drawer to maintain or open any current account with the bank;"; dan
(f) dengan memasukkan selepas perenggan (n), perenggan baru (nn) dan (nnn) yang berikut: "(nn) place deposits in any bank or finance company licensed under the Finance Companies Act 1969 within the Federation;
(nnn) purchase, under repurchase
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Find Act 330 on lom.agc.gov.my ↗
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
