Financial Services Act 2013 s 50
s 50 Single counterparty exposure limit for licensed person
(1) No licensed person shall have an exposure to a single counterparty which exceeds the limit as may be specified by the Bank under subsection 47(1).
(2) An exposure to a single counterparty referred to in subsection (1) shall include an exposure to any group of persons connected to such single counterparty but shall not include any exposure to, and any exposure explicitly guaranteed by, the Bank or the Government.
(3) For the purposes of this section, the Bank may specify what constitutes “connected”, “counterparty” or “exposure”.
Malay text (authoritative)
Had pendedahan pihak balas tunggal bagi orang berlesen
(1) Ti a d a o r a n g b e r l e s e n p u n b o l e h m e m p u n y a i pendedahan kepada suatu pihak balas tunggal yang melebihi had sebagaimana yang ditentukan oleh Bank di bawah subseksyen 47(1).
(2) Suatu pendedahan kepada pihak balas tunggal yang disebut dalam subseksyen (1) hendaklah termasuk suatu pendedahan kepada mana-mana kumpulan orang berkaitan dengan pihak balas tunggal itu tetapi tidak termasuk apa-apa pendedahan kepada, dan apa-apa pendedahan yang dijamin secara nyata oleh, Bank atau Kerajaan.
(3) Bagi maksud seksyen ini, Bank boleh menentukan apa yang merupakan “berkaitan”, “pihak balas” atau “pendedahan”.
Read this section in the full act → · Open Division 1 →
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).
