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Financial Services Act 2013 s 153

Financial Services Act 2013 s 153

s 153 Disclosure of information by Bank to relevant overseas supervisory authority

The Bank may, subject to such terms and conditions it deems fit, provide to a relevant supervisory authority outside Malaysia which exercises functions corresponding to those of the Bank under this Act, such document or information relating toβ€” (a) the affairs ofβ€” (i) any authorized person, registered person, operator of a designated payment system or financial holding company which is a subsidiary of a foreign institution; or (ii) any authorized person, registered person, operator of a designated payment system or financial holding company which is an associate of a foreign institution; (b) any office of an authorized person, registered person, operator of a designated payment system or financial holding company; or (c) any authorized person, registered person, operator of a designated payment system or financial holding company for the purposes of assessing a proposed establishment of any office by the authorized person, registered person, operator of a designated payment system or financial holding company, if the Bank considers it necessary that the such document or information be disclosed to the relevant supervisory authority outside Malaysia for the sole purpose of carrying out its supervisory functions.

Malay text (authoritative)

Pendedahan maklumat oleh Bank kepada pihak berkuasa penyeliaan luar negara berkaitan

Bank boleh, tertakluk kepada apa-apa terma dan syarat yang disifatkannya patut, memberi kepada pihak berkuasa penyeliaan berkaitan di luar Malaysia yang melaksanakan fungsi berpadanan dengan fungsi Bank di bawah Akta ini, apa-apa dokumen atau maklumat yang berhubungan denganβ€” (a) hal ehwalβ€” (i) mana-mana orang yang diberi kuasa, orang berdaftar, pengendali sistem pembayaran yang ditetapkan atau syarikat pemegangan kewangan yang adalah suatu subsidiari institusi asing; atau (ii) mana-mana orang yang diberi kuasa, orang berdaftar, pengendali sistem pembayaran yang ditetapkan atau syarikat pemegangan kewangan yang adalah suatu sekutu institusi asing; (b) mana-mana pejabat orang yang diberi kuasa, orang berdaftar, pengendali sistem pembayaran yang ditetapkan atau syarikat pemegangan kewangan; atau (c) mana-mana orang yang diberi kuasa, orang berdaftar, pengendali sistem pembayaran yang ditetapkan atau syarikat pemegangan kewangan bagi maksud menilai suatu cadangan penubuhan mana-mana pejabat orang yang diberi kuasa, orang berdaftar, pengendali sistem pembayaran yang ditetapkan atau syarikat pemegangan kewangan itu, sekiranya Bank berpendapat adalah perlu bagi dokumen atau maklumat itu didedahkan kepada pihak berkuasa penyeliaan berkaitan di luar Malaysia bagi maksud tunggal untuk menjalankan fungsi penyeliaannya.

Read this section in the full act β†’ Β· Open Part XI β†’

Find Act 758 on lom.agc.gov.my β†—

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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