Malaysia Deposit Insurance Corporation Act 2011 s 96
Malaysia Deposit Insurance Corporation Act 2011 s 96
s 96 Examinations
(1) For the purposes of this Act, the Corporation or Bank Negara Malaysia, upon request by the Corporation, may examine the operations of a member institution.
(2) The scope of examinations under subsection (1) may include the examination of—
(a) whether proper and adequate records of its deposit or takaful or insurance benefit liabilities are maintained by a member institution;
(b) whether reports made by a member institution on its premiums, levies, deposit liabilities, takaful liabilities or insurance liabilities are substantially correct;
(c) compliance with terms and conditions or any other requirements of the membership; or
(d) any other areas that the Corporation thinks appropriate, after consultation with Bank Negara Malaysia.
(3) The Corporation may commission another person to conduct any examinations under subsection (2) or subsection 97(1).
(4) A copy of a report of any examination under subsection (1) or commissioned under subsection (3) shall be provided by the Corporation to Bank Negara Malaysia within a period of three months after the completion of the examination.
(5) The Corporation may recover any costs and expenses incurred under this section from a member institution as a debt due and payable to the Corporation.
Malay text (authoritative)
Pemeriksaan
(1) Bagi maksud Akta ini, Perbadanan atau Bank Negara Malaysia, atas permintaan Perbadanan, boleh memeriksa operasi sesuatu institusi anggota.
(2) Skop pemeriksaan di bawah subseksyen (1) boleh termasuk pemeriksaan mengenai —
(a) sama ada rekod yang wajar dan mencukupi mengenai liabiliti deposit atau manfaat takaful atau insuransnya disenggarakan oleh insititusi anggota;
(b) sama ada laporan yang dibuat oleh institusi anggota mengenai premium, levi, liabiliti deposit, liabiliti takaful atau liabiliti insuransnya adalah betul secara substansial;
(c) pematuhan terhadap terma dan syarat atau apa-apa kehendak lain mengenai keanggotaan; atau
(d) apa-apa hal lain yang difikirkan sesuai oleh Perbadanan, selepas berunding dengan Bank Negara Malaysia.
(3) Perbadanan boleh menugaskan orang lain untuk menjalankan apa-apa pemeriksaan di bawah subseksyen (2) atau subseksyen 97(1).
(4) Suatu salinan laporan mengenai apa-apa pemeriksaan di bawah subseksyen (1) atau yang ditugaskan di bawah subseksyen (3) hendaklah disediakan oleh Perbadanan untuk Bank Negara Malaysia dalam tempoh tiga bulan selepas siapnya laporan itu.
(5) Perbadanan boleh mendapatkan apa-apa kos dan perbelanjaan yang dilakukan di bawah seksyen ini daripada institusi anggota sebagai suatu hutang yang perlu dan kena dibayar kepada Perbadanan.
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).
