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ISLAMIC FINANCIAL SERVICES ACT 2013

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1 PART I PRELIMINARY-1. Short title and commencement.
3 PART I PRELIMINARY-3. Prescription by Minister of additional business or activity.
4 PART I PRELIMINARY-4. Prescription by Bank of additional agreement, dealing, transaction or person.
5 PART I PRELIMINARY-5. Classification of, and construction of references to, takaful business.
6 PART II REGULATORY OBJECTIVES AND POWERS AND FUNCTIONS OF BANK-6. Regulatory objectives.
7 PART II REGULATORY OBJECTIVES AND POWERS AND FUNCTIONS OF BANK-7. Powers and functions of Bank.
8 PART III AUTHORIZATION Division 1 Authorized business-8. Authorized business to be carried on by authorized person.
9 PART III AUTHORIZATION Division 1 Authorized business-9. Application for authorization.
10 PART III AUTHORIZATION Division 1 Authorized business-10. Grant of licence by Minister.
11 PART III AUTHORIZATION Division 1 Authorized business-11. Approval by Bank.
12 PART III AUTHORIZATION Division 1 Authorized business-12. Requirements on minimum capital funds or surplus of assets over liabilities.
13 PART III AUTHORIZATION Division 1 Authorized business-13. Additional conditions of licence or approval.
14 PART III AUTHORIZATION Division 1 Authorized business-14. Persons approved under Financial Services Act 2013 to carry on Islamic financial business.
15 Division 2 Restriction on dealings of authorized persons-15. Authorized person to carry on authorized business only.
16 Division 2 Restriction on dealings of authorized persons-16. Licensed takaful operator to carry on family takaful or general takaful business.
17 Division 3 Representative office-17. Requirements for representative office.
18 Division 4 Revocation, surrender or cessation of business or operations-18. Grounds for revocation of authorization.
19 Division 4 Revocation, surrender or cessation of business or operations-19. Surrender of licence or notification on cessation of business or operations.
20 Division 4 Revocation, surrender or cessation of business or operations-20. Effect of revocation, surrender, notification on cessation of business or operations, and expiry.
21 Division 5 General matters-21. Form of establishment.
22 Division 5 General matters-22. Establishment or relocation of office of authorized persons.
23 Division 5 General matters-23. Fees.
24 Division 5 General matters-24. Publication of names of authorized persons.
25 Division 5 General matters-25. Holding out as authorized person.
26 Division 5 General matters-26. Acting on behalf of unlicensed person.
27 PART IV SHARIAH REQUIREMENTS Division 1 Shariah compliance-27. Interpretation.
28 PART IV SHARIAH REQUIREMENTS Division 1 Shariah compliance-28. Duty of institution to ensure compliance with Shariah.
29 PART IV SHARIAH REQUIREMENTS Division 1 Shariah compliance-29. Power of Bank to specify standards on Shariah matters.
30 Division 2 Shariah governance-30. Establishment of Shariah committee.
31 Division 2 Shariah governance-31. Appointment of Shariah committee member.
32 Division 2 Shariah governance-32. Duties of Shariah committee and its members.
33 Division 2 Shariah governance-33. Cessation as member of Shariah committee.
34 Division 2 Shariah governance-34. Notice of cessation as member of Shariah committee.
35 Division 2 Shariah governance-35. Information to be provided to Shariah committee.
36 Division 2 Shariah governance-36. Qualified privilege and duty of confidentiality.
37 Division 3 Audit on Shariah compliance-37. Appointment of person by institution to conduct audit on Shariah compliance.
38 Division 3 Audit on Shariah compliance-38. Appointment of person by Bank to conduct audit on Shariah compliance.
39 PART V PAYMENT SYSTEMS Division 1 Designation of payment systems and Islamic payment instruments-39. Designation and revocation of designation of payment systems.
40 PART V PAYMENT SYSTEMS Division 1 Designation of payment systems and Islamic payment instruments-40. Operator of designated payment system.
41 PART V PAYMENT SYSTEMS Division 1 Designation of payment systems and Islamic payment instruments-41. Designation of Islamic payment instruments.
42 Division 2 Requirements for operation of payment systems and issuance of designated Islamic payment instruments-42. Application of this Act on payment systems.
43 Division 2 Requirements for operation of payment systems and issuance of designated Islamic payment instruments-43. Power of Bank to specify standards for payment systems.
44 Division 2 Requirements for operation of payment systems and issuance of designated Islamic payment instruments-44. Direction to participants of designated payment system.
45 Division 2 Requirements for operation of payment systems and issuance of designated Islamic payment instruments-45. Operational arrangements.
46 Division 2 Requirements for operation of payment systems and issuance of designated Islamic payment instruments-46. Power of Bank to inspect.
47 Division 3 Finality of payment and netting arrangement-47. Interpretation.
48 Division 3 Finality of payment and netting arrangement-48. Power of Bank to issue certificate of finality.
49 Division 3 Finality of payment and netting arrangement-49. Revocation of certificate of finality.
50 Division 3 Finality of payment and netting arrangement-50. Application of this Division.
51 Division 3 Finality of payment and netting arrangement-51. Transfer order made after appointment of insolvency administrator.
52 Division 3 Finality of payment and netting arrangement-52. Finality of payment and netting arrangement.
53 Division 3 Finality of payment and netting arrangement-53. Preservation of rights.
54 Division 3 Finality of payment and netting arrangement-54. Non-recognition of insolvency order by foreign court.
55 Division 3 Finality of payment and netting arrangement-55. Requirement to notify in event of insolvency, etc.
56 PART VI PRUDENTIAL REQUIREMENTS-56. Interpretation.
57 Division 1 Standards on prudential matters-57. Power of Bank to specify standards on prudential matters.
58 Division 1 Standards on prudential matters-58. Institution, director and officer to comply with standards.
59 Division 1 Standards on prudential matters-59. Single counterparty exposure limit for licensed person.
60 Division 1 Standards on prudential matters-60. Restrictions on payment of dividend by licensed person.
61 Division 1 Standards on prudential matters-61. Maintenance of assets in Malaysia by licensed person.
62 Division 2 Corporate governance-62. Interpretation.
63 Division 2 Corporate governance-63. Chairman, directors and chief executive officer of institution.
64 Division 2 Corporate governance-64. Requirements to be chairman, director, chief executive officer or senior officer.
65 Division 2 Corporate governance-65. Functions and duties of board of directors.
66 Division 2 Corporate governance-66. Duties of directors.
67 Division 2 Corporate governance-67. Duty to disclose interests in material transaction or material arrangement.
68 Division 2 Corporate governance-68. Disqualifications.
69 Division 2 Corporate governance-69. Fit and proper requirements.
70 Division 2 Corporate governance-70. Cessation from office.
71 Division 2 Corporate governance-71. Notice of cessation from office.
72 Division 3 Transparency requirements-72. Interpretation.
73 Division 3 Transparency requirements-73. Maintenance of accounting records and information.
74 Division 3 Transparency requirements-74. Compliance with approved accounting standards.
75 Division 3 Transparency requirements-75. Publication of financial statements.
76 Division 4 Auditors-76. Appointment of auditor by institution.
77 Division 4 Auditors-77. Appointment of auditor by Bank.
78 Division 4 Auditors-78. Duties of auditor.
79 Division 4 Auditors-79. Notice of cessation as auditor.
80 Division 4 Auditors-80. Information to be provided to auditor.
81 Division 4 Auditors-81. Reporting obligations of auditor.
82 Division 4 Auditors-82. Qualified privilege and duty of confidentiality.
83 Division 5 Appointed actuaries-83. Appointment of actuary by licensed takaful operator.
84 Division 5 Appointed actuaries-84. Appointment of actuary by Bank.
85 Division 5 Appointed actuaries-85. Duties of appointed actuary.
86 Division 5 Appointed actuaries-86. Cessation as appointed actuary.
87 Division 5 Appointed actuaries-87. Notice of cessation as appointed actuary.
88 Division 5 Appointed actuaries-88. Information to be provided to appointed actuary.
89 Division 5 Appointed actuaries-89. Qualified privilege and duty of confidentiality.
90 Division 6 Takaful funds and shareholders' fund-90. Establishment and maintenance of takaful funds.
91 Division 6 Takaful funds and shareholders' fund-91. Takaful funds to be separate from shareholders' fund.
92 Division 6 Takaful funds and shareholders' fund-92. Requirements relating to takaful funds.
93 Division 6 Takaful funds and shareholders' fund-93. Requirements relating to shareholders' fund in respect of takaful funds.
94 Division 6 Takaful funds and shareholders' fund-94. Withdrawal from takaful funds.
95 Division 6 Takaful funds and shareholders' fund-95. Deficiency of takaful funds.
96 Division 6 Takaful funds and shareholders' fund-96. Assumption of risk.
97 Division 7 Subsidiaries-97. Establishment or acquisition of subsidiaries and acquisition or holding of material interest in corporation.
98 PART VII OWNERSHIP, CONTROL AND TRANSFER OF BUSINESS-98. Application and non-application.
99 Division 1 Interest in shares of licensed person-99. Acquisition of interest in shares requiring approval.
100 Division 1 Interest in shares of licensed person-100. Control over licensed person prohibited in some cases.
101 Division 1 Interest in shares of licensed person-101. Disposal of interest in shares requiring approval.
102 Division 1 Interest in shares of licensed person-102. Application procedures for section 99, 100 or 101.
103 Division 1 Interest in shares of licensed person-103. Power of Bank to specify standards on shareholder suitability.
104 Division 1 Interest in shares of licensed person-104. Maximum permissible holdings.
105 Division 1 Interest in shares of licensed person-105. Notification on acquisition or disposal of interest in shares of licensed person.
106 Division 2 Action by Bank in event of breach-106. Order against defaulting persons.
107 Division 2 Action by Bank in event of breach-107. Additional provisions relating to order under subparagraph 106(2) (a) (v).
108 Division 3 Interest in shares of approved person-108. Interpretation.
109 Division 3 Interest in shares of approved person-109. Acquisition of interest in shares of approved person.
110 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-110. Interpretation.
111 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-111. Approval required for reconstruction or amalgamation of licensed person.
112 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-112. Approval required for business transfer scheme.
113 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-113. Notification of business transfer scheme.
114 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-114. Application to High Court for confirmation of business transfer scheme.
115 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-115. Bank to be party to proceedings.
116 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-116. Orders sought by transferor and transferee.
117 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-117. Publication of court order under section 114.
118 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-118. Reimbursement of Bank's expenses.
119 Division 4 Transfer of business, reconstruction or amalgamation of licensed person-119. Prohibition of payment out of takaful fund.
120 PART VIII FINANCIAL GROUPS-120. Purpose of this Part.
121 PART VIII FINANCIAL GROUPS-121. Disapplication of sections 122 and 123 to licensed persons, and licensed persons and financial holding companies under Financial Services Act 2013.
122 PART VIII FINANCIAL GROUPS-122. Application to be financial holding company.
123 PART VIII FINANCIAL GROUPS-123. Power of Bank to require submission of application.
124 PART VIII FINANCIAL GROUPS-124. Approval of application as financial holding company under section 122 or 123.
125 PART VIII FINANCIAL GROUPS-125. Bank may approve more than one financial holding company.
126 PART VIII FINANCIAL GROUPS-126. Business of financial holding company.
127 PART VIII FINANCIAL GROUPS-127. Prudential requirements on financial holding company and subsidiaries.
128 PART VIII FINANCIAL GROUPS-128. Power to issue directions to financial holding company and subsidiaries.
129 PART VIII FINANCIAL GROUPS-129. General provisions dealing with directions.
130 PART VIII FINANCIAL GROUPS-130. Consequences of failing to comply with directions.
131 PART VIII FINANCIAL GROUPS-131. Additional provisions relating to paragraph 128(3) (e) .
132 PART VIII FINANCIAL GROUPS-132. Power to remove director or chief executive officer of financial holding company.
133 PART IX BUSINESS CONDUCT AND CONSUMER PROTECTION Division 1 Interpretation-133. Interpretation.
134 Division 2 Business conduct, complaints, disputes, etc.-134. Application.
135 Division 2 Business conduct, complaints, disputes, etc.-135. Standards on business conduct.
136 Division 2 Business conduct, complaints, disputes, etc.-136. Prohibited business conduct.
137 Division 2 Business conduct, complaints, disputes, etc.-137. Approved takaful broker, approved Islamic financial adviser and approved issuer of designated Islamic payment instrument to establish customer account.
138 Division 2 Business conduct, complaints, disputes, etc.-138. Financial ombudsman scheme.
139 Division 3 Takaful issues-139. Obtaining takaful outside Malaysia.
140 Division 3 Takaful issues-140. Provisions relating to takaful certificates.
141 Division 3 Takaful issues-141. Pre-contractual disclosure and representations, and remedies for misrepresentations.
142 Division 3 Takaful issues-142. Payment of takaful benefits under family takaful certificate and personal accident takaful certificate.
143 Division 4 Information and secrecy-143. Interpretation.
144 Division 4 Information and secrecy-144. Restriction on inquiring specifically into affairs of particular customer.
145 Division 4 Information and secrecy-145. Secrecy.
146 Division 4 Information and secrecy-146. Permitted disclosures.
147 Division 5 Restrictions relating to consumer protection-147. Application of this Division.
148 Division 5 Restrictions relating to consumer protection-148. Islamic deposit.
149 Division 5 Restrictions relating to consumer protection-149. Restriction on accepting Islamic deposits.
150 Division 5 Restrictions relating to consumer protection-150. Advertisements for Islamic deposits.
151 Division 5 Restrictions relating to consumer protection-151. Restriction on use of certain words.
152 PART X ISLAMIC MONEY MARKET AND ISLAMIC FOREIGN EXCHANGE MARKET-152. Power of Bank to specify standards or issue codes.
153 PART X ISLAMIC MONEY MARKET AND ISLAMIC FOREIGN EXCHANGE MARKET-153. Prohibited conduct in Islamic money market and Islamic foreign exchange market.
154 PART X ISLAMIC MONEY MARKET AND ISLAMIC FOREIGN EXCHANGE MARKET-154. Arrangement with relevant supervisory authority.
155 PART XI SUBMISSION OF DOCUMENT OR INFORMATION-155. Submission of document or information to Bank.
156 PART XI SUBMISSION OF DOCUMENT OR INFORMATION-156. Submission of statistical information, etc.
157 PART XI SUBMISSION OF DOCUMENT OR INFORMATION-157. Secrecy requirements under sections 155 and 156 not to apply.
158 PART XII EXAMINATION-158. Examination of authorized person, etc.
159 PART XII EXAMINATION-159. Duty to provide access to, and produce documents, information, etc.
160 PART XII EXAMINATION-160. Examination of other persons.
161 PART XII EXAMINATION-161. Appearance before Bank.
162 PART XII EXAMINATION-162. Examination or assessment by auditor or actuary, etc.
163 PART XII EXAMINATION-163. Confidential information.
164 PART XII EXAMINATION-164. Examination by relevant overseas supervisory authority.
165 PART XII EXAMINATION-165. Disclosure of information by Bank to relevant overseas supervisory authority.
166 PART XIII DIRECTIONS OF COMPLIANCE-166. Interpretation.
167 PART XIII DIRECTIONS OF COMPLIANCE-167. Circumstances for exercising power to issue directions.
168 PART XIII DIRECTIONS OF COMPLIANCE-168. Power to issue directions to institution.
169 PART XIII DIRECTIONS OF COMPLIANCE-169. General provisions dealing with directions.
170 PART XIII DIRECTIONS OF COMPLIANCE-170. Consequences of failing to comply with directions.
171 PART XIII DIRECTIONS OF COMPLIANCE-171. Additional provisions relating to paragraph 168(2) (b) .
172 PART XIV INTERVENTION AND REMEDIAL ACTION-172. Application of this Part to member institution.
173 Division 1 Removal of director, chief executive officer or senior officer-173. Interpretation.
174 Division 1 Removal of director, chief executive officer or senior officer-174. Power to remove director, chief executive officer or senior officer.
175 Division 1 Removal of director, chief executive officer or senior officer-175. Provisions relating to removal.
176 Division 2 Power to take intervention and remedial action-176. Interpretation.
177 Division 2 Power to take intervention and remedial action-177. Circumstances for exercise of Bank's power.
178 Division 2 Power to take intervention and remedial action-178. Interpretation.
179 Division 2 Power to take intervention and remedial action-179. Power to assume control.
180 Division 2 Power to take intervention and remedial action-180. Effect of assumption of control.
181 Division 2 Power to take intervention and remedial action-181. Information and facilities.
182 Division 2 Power to take intervention and remedial action-182. Additional provisions relating to assumption of control.
183 Division 2 Power to take intervention and remedial action-183. Interpretation.
184 Division 2 Power to take intervention and remedial action-184. Appointment of receiver and manager by Bank.
185 Division 2 Power to take intervention and remedial action-185. Appointment of receiver and manager by persons other than Bank.
186 Division 2 Power to take intervention and remedial action-186. Provisions in relation to appointment of receiver and manager.
187 Division 2 Power to take intervention and remedial action-187. Interpretation.
188 Division 2 Power to take intervention and remedial action-188. Order for compulsory transfer of business, assets or liabilities.
189 Division 2 Power to take intervention and remedial action-189. Additional provisions relating to compulsory transfer.
190 Division 2 Power to take intervention and remedial action-190. Continuity obligations.
191 Division 2 Power to take intervention and remedial action-191. Designation of bridge institution.
192 Division 2 Power to take intervention and remedial action-192. Publication of notice.
193 Division 2 Power to take intervention and remedial action-193. Bridge institution authorized to carry on business.
194 Division 2 Power to take intervention and remedial action-194. Bridge institution not liable for past obligations in respect of officers.
195 Division 2 Power to take intervention and remedial action-195. Stay in respect of bridge institution.
196 Division 2 Power to take intervention and remedial action-196. Financial assistance to bridge institution.
197 Division 2 Power to take intervention and remedial action-197. Interpretation.
198 Division 2 Power to take intervention and remedial action-198. Power to reduce share capital of institution.
199 Division 2 Power to take intervention and remedial action-199. Interpretation.
200 Division 2 Power to take intervention and remedial action-200. Liquidity or financial assistance to institution.
201 Division 2 Power to take intervention and remedial action-201. Interpretation.
202 Division 2 Power to take intervention and remedial action-202. Application for moratorium.
203 Division 3 Winding up-203. Interpretation.
204 Division 3 Winding up-204. Application of Companies Act 1965 in relation to winding up of institution.
205 Division 3 Winding up-205. Bank to apply for winding up.
206 Division 3 Winding up-206. Restriction on voluntary winding up.
207 Division 3 Winding up-207. Winding up by High Court on application by persons other than Bank.
208 Division 3 Winding up-208. Appointment and remuneration of liquidator.
209 Division 3 Winding up-209. Control of liquidator.
210 Division 3 Winding up-210. Statement of affairs.
211 Division 3 Winding up-211. Offences by officers of institution.
212 Division 3 Winding up-212. Valuation of assets and liabilities.
213 Division 3 Winding up-213. Termination of takaful certificate.
214 Division 3 Winding up-214. Waiver of strict proof of debt.
215 Division 3 Winding up-215. Prohibition against issuance of takaful certificate.
216 Division 3 Winding up-216. Continuation of family takaful business.
217 Division 3 Winding up-217. Priority of payments in winding up of licensed Islamic bank.
218 Division 3 Winding up-218. Priority of payments in winding up of licensed takaful operator.
219 Division 4 General provisions in relation to actions taken by Bank-219. Power of Bank to take action under this Part.
220 Division 4 General provisions in relation to actions taken by Bank-220. Qualified financial agreement.
221 Division 4 General provisions in relation to actions taken by Bank-221. Assessor Committee.
222 PART XV OTHER POWERS OF BANK Division 1 Regulation of prescribed Islamic financial institutions-222. Interpretation.
223 PART XV OTHER POWERS OF BANK Division 1 Regulation of prescribed Islamic financial institutions-223. Power of Minister to prescribe Islamic financial institutions.
224 Division 2 International and domestic transactions-224. Interpretation.
225 Division 2 International and domestic transactions-225. Measures relating to international and domestic transactions.
226 Division 2 International and domestic transactions-226. Power of Bank to impose levies or charges.
227 Division 2 International and domestic transactions-227. Power of Bank, with approval of Minister, to issue directions.
228 Division 3 Holiday for licensed person-228. Power of Minister to declare holiday for licensed person.
229 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-229. Investigation by Bank.
230 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-230. Appointment of investigating officer.
231 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-231. Powers of investigating officer.
232 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-232. Powers of entry, search and seizure with warrant.
233 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-233. Powers of entry, search and seizure without warrant.
234 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-234. List of seized property, etc.
235 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-235. Release of seized property, etc.
236 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-236. Search of person.
237 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-237. Obstruction to exercise of powers by investigating officer.
238 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-238. Requirement to provide translation.
239 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-239. Power to examine persons.
240 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-240. Service of orders or notices generally, etc.
241 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-241. Surrender of travel documents.
242 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-242. Agent provocateur.
243 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-243. Assistance to police or other public officer.
244 PART XVI ENFORCEMENT AND PENALTIES Division 1 Investigation powers-244. Investigating officer deemed to be public servant and public officer.
245 Division 2 Administrative actions-245. Power of Bank to take action.
246 Division 2 Administrative actions-246. Lodgment of amount of not distributed with Registrar of Unclaimed Moneys.
247 Division 2 Administrative actions-247. Power of Bank to prescribe monetary penalty.
248 Division 2 Administrative actions-248. Application for appeal of decisions.
249 Division 2 Administrative actions-249. Monetary Penalty Review Committee.
250 Division 3 Civil actions-250. Civil action by Bank.
251 Division 3 Civil actions-251. Orders by court.
252 Division 3 Civil actions-252. Civil action to seek compensation.
253 Division 3 Civil actions-253. Interim orders.
254 Division 3 Civil actions-254. Contravention of court order.
255 Division 3 Civil actions-255. No undertaking as to damages.
256 Division 3 Civil actions-256. Other actions.
257 Division 3 Civil actions-257. Evidence obtained in investigations may be used in civil proceedings.
258 Division 4 Criminal offences-258. Imprisonment.
259 Division 4 Criminal offences-259. Offences in relation to entries in documents.
260 Division 4 Criminal offences-260. Offence committed by any person acting in official capacity.
261 Division 4 Criminal offences-261. Offence by employees, etc.
262 Division 4 Criminal offences-262. Seizable offence.
263 Division 4 Criminal offences-263. Duty of investigating officer to make over arrested person to police.
264 Division 4 Criminal offences-264. Power to compound.
265 Division 4 Criminal offences-265. Attempts, abetments and conspiracies.
266 Division 4 Criminal offences-266. Prosecution.
267 Division 5 General matters-267. Protection in relation to disclosure of information to Bank.
268 Division 5 General matters-268. Evidential provision.
269 Division 5 General matters-269. Power of Bank to publish information.
270 PART XVII GENERAL PROVISIONS-270. Enforceable undertakings.
271 PART XVII GENERAL PROVISIONS-271. Regulations.
272 PART XVII GENERAL PROVISIONS-272. Provisions relating to approvals, consents, standards, codes, specifications, notices, requirements, directions or measures.
273 PART XVII GENERAL PROVISIONS-273. Opportunity to make representations.
274 PART XVII GENERAL PROVISIONS-274. Exemptions.
275 PART XVII GENERAL PROVISIONS-275. Power of Minister to amend Schedule.
276 PART XVII GENERAL PROVISIONS-276. Decision of Minister to be final.
277 PART XVII GENERAL PROVISIONS-277. Power of Bank to issue guidance.
278 PART XVII GENERAL PROVISIONS-278. Protection against suits and legal proceedings.
279 PART XVII GENERAL PROVISIONS-279. Application of Companies Act 1965.
280 PART XVII GENERAL PROVISIONS-280. Application of certain provisions of Act to Labuan entities.
281 PART XVII GENERAL PROVISIONS-281. Breach or contravention not to affect contract, agreement or arrangement.
282 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-282. Repeal.
283 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-283. Savings and transitional.
284 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-284. Savings in respect of licences granted and registrations made under repealed Acts.
285 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-285. Savings and transitional provision in respect of specific provisions of repealed Takaful Act 1984.
286 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-286. Conversion to single takaful business.
287 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-287. Licensed takaful operator which is a private company to convert to public company.
288 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-288. Savings in respect of Islamic deposits under repealed Islamic Banking Act 1983.
289 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-289. Savings in respect of approvals for designated Islamic payment instruments under repealed Payment Systems Act 2003.
290 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-290. Savings in respect of financial holding company.
291 PART XVIII REPEAL, SAVINGS AND TRANSITIONAL-291. Savings in respect of Islamic deposits accepted by co-operative societies.
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