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Financial Services Act 2013 s 236

Financial Services Act 2013 s 236

s 236 Power of Bank to prescribe monetary penalty

The Bank may, for giving full effect to or for convenient implementation of subparagraph 234(3)(b)(i), or for the purposes of regulatory objectives of this Act, prescribe the following matters as it deems necessary: (a) classify or designate the breaches under this Act into different categories of breaches; and (b) fix, in accordance with paragraph (a), a monetary penalty, or a range of monetary penalties, in respect of each category.

Malay text (authoritative)

Kuasa Bank untuk menetapkan penalti monetari

Bank boleh, bagi memberi kuat kuasa penuh atau pelaksanaan mudah subperenggan 234(3)(b)(i), atau bagi maksud objektif pengawalseliaan Akta ini, menetapkan perkara yang berikut sebagaimana yang disifatkannya perlu: (a) mengelaskan atau menetapkan kemungkiran di bawah Akta ini dalam kategori kemungkiran yang berlainan; dan (b) menetapkan, mengikut perenggan (a), suatu penalti monetari, atau suatu julat penalti monetari, berkenaan dengan setiap kategori.

Read this section in the full act β†’ Β· Open Division 2 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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