s 40 Maintenance of assets in Malaysia
(1) Unless the Bank otherwise approves in writing, a prescribed institution shall hold at all times in Malaysia such minimum amount of assets as the Bank may specify. (2) For the purpose of subsection (1), the minimum amount of assets to be held in Malaysia shall be expressed as a percentage of all or such of the liabilities of the prescribed institution as the Bank may specify. (3) Any prescribed institution that contravenes subsection (1) commits an offence and shall on conviction be liable to a fine not exceeding fifty million ringgit. (4) For the purpose of subsection (1), the Bank may specify a period of not less than seven days within which the prescribed institution shall comply with the specification.