Central Bank of Malaysia Act 2009 s 98
s 98 Power to impose administrative penalty
(1) The Bank may, by regulations made under section 94, impose administrative penalties on any person for any delay in complying with any directive, guideline, standard, circular, specification, order or notice issued by the Bank in respect of any provision of this Act.
(2) The Bank shall, before making a decision to impose any administrative penalty on any person, serve on him a written notice calling on him to show cause why the administrative penalty should not be imposed on him.
(3) If a satisfactory explanation is not received within fourteen days from the date of the written notice, the Bank may impose an administrative penalty in an amount not exceeding five hundred ringgit for each day of non-compliance and such amount shall not in total exceed the sum of five thousand ringgit.
Malay text (authoritative)
Kuasa untuk mengenakan penalti pentadbiran
(1) Bank boleh, melalui peraturan-peraturan yang dikeluarkan di bawah seksyen 94, mengenakan penalti pentadbiran terhadap mana-mana orang bagi apa-apa kelewatan dalam mematuhi apa-apa arahan, garis panduan, piawaian, pekeliling, spesifikasi, perintah atau notis yang dikeluarkan oleh Bank berkenaan dengan manamana peruntukan Akta ini.
(2) Bank hendaklah, sebelum membuat keputusan untuk mengenakan apa-apa penalti pentadbiran terhadap mana-mana orang, menyampaikan kepada orang itu suatu notis bertulis yang menghendakinya untuk menunjukkan sebab mengapa penalti pentadbiran itu tidak patut dikenakan terhadapnya.
(3) Jika suatu penjelasan yang memuaskan tidak diterima dalam tempoh empat belas hari dari tarikh notis bertulis itu, Bank boleh mengenakan suatu penalti pentadbiran sebanyak amaun yang tidak melebihi lima ratus ringgit bagi setiap hari ketidakpatuhan itu dan amaun itu tidak boleh secara keseluruhannya melebihi lima ribu ringgit.
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Find Act 701 on lom.agc.gov.my ↗
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).
