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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 26

Malaysia Deposit Insurance Corporation Act 2011 s 26

s 26 Lending of money or provision of financing for specified purposes

The Corporation may make a loan or provide financing, whether with or without security, to a corporation other than a member institution— (a) for the purpose of, or in connection with, the implementation of one or more resolution actions under this Act; and (b) for the purpose of reducing or averting a risk to the financial system or a threatened loss to the Corporation.

Malay text (authoritative)

Peminjaman wang atau penyediaan pembiayaan bagi maksud tertentu

Perbadanan boleh membuat pinjaman atau menyediakan pembiayaan, sama ada dengan atau tanpa cagaran, kepada suatu perbadanan selain institusi anggota— (a) bagi maksud, atau berkaitan dengan, pelaksanaan satu tindakan resolusi atau lebih di bawah Akta ini; dan (b) bagi maksud mengurangkan atau mengelakkan risiko kepada sistem kewangan atau ancaman kerugian kepada Perbadanan.

Read this section in the full act → · Open Chapter 5 →

Find Act 720 on lom.agc.gov.my ↗

Text as at 21 July 2023 (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).

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