s 29 Single counterparty exposure limit
(1) Subject to subsection 28(1) and except as may be approved by the Minister on the recommendation of the Bank, no prescribed * NOTE—For application to Bank Kerjasama Rakyat Malaysia Berhad, deleted the word “members” —see the Development Financial Institutions (Bank Kerjasama Rakyat Malaysia Berhad) (Modification) Order 2016 [P.U. (A) 15/2016] w.e.f. 31.01.2016. institution shall have an exposure to a single counterparty, whether in relation to its own funds or any trust fund it manages under section 43, which exceeds the limit as may be specified by the Bank. (1A) An exposure to a single counterparty referred to in subsection (1) shall include an exposure to any group of persons connected to such single counterparty but shall not include any exposure to, and any exposure explicitly guaranteed by, the Bank or the Government. (1B) For the purposes of this section, the Bank may specify what constitutes “connected”, “counterparty” or “exposure”. (2) (Deleted by Act A1502). (3) (Deleted by Act A1502). (4) (Deleted by Act A1502). (5) (Deleted by Act A1502). (6) (Deleted by Act A1502).