This legislation has been repealed. Do not cite it as law in force.
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 25
(1) No person shall issue a designated payment instrument unless he has—
(a) submitted to the Bank the documents and information as may be prescribed by the Bank;
(b) paid the fee prescribed by the Bank; and
(c) obtained a written approval from the Bank to issue a designated payment instrument.
(2) The Bank may in giving its approval-
(a) require all or any of the documents submitted to be modified and altered as it may deem necessary; and
(b) impose such restriction, limitations or conditions as it may deem fit. Revocation of approval
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).
