Financial Services Act 2013 s 157
s 157 General provisions dealing with directions
(1) The direction issued under section 156 shall specify—
(a) the grounds on which the Bank proposes to issue the direction; and
(b) the time by which, or period during which, the direction is to be complied with.
(2) The Bank may at any time—
(a) amend or revoke a direction; or
(b) replace a direction with another direction.
(3) Any direction issued under section 156 shall not affect the enforcement by the parties of their rights under a qualified financial agreement.
Malay text (authoritative)
Peruntukan am memperkatakan mengenai arahan
(1) Arahan yang dikeluarkan di bawah seksyen 156 hendaklah menentukan—
(a) alasan yang Bank bercadang untuk mengeluarkan arahan itu; dan
(b) masa yang, atau tempoh yang, arahan itu akan dipatuhi.
(2) Bank boleh pada bila-bila masa—
(a) meminda atau membatalkan suatu arahan; atau
(b) menggantikan suatu arahan dengan arahan yang lain.
(3) Apa-apa arahan yang dikeluarkan di bawah seksyen 156 tidak menjejaskan penguatkuasaan oleh pihak-pihak atas hak mereka di bawah perjanjian kewangan yang layak.
Read this section in the full act → · Open Part XII →
Find Act 758 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).
