deposit insurance in malaysia for Dummies
(iii) an arrangement to borrow or lend securities or commodities, which includes an agreement to transfer securities or commodities beneath which the borrower might repay the bank loan with other securities or commodities, hard cash or income equivalents; or
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4A. (1) Upon an software staying referred to the Assessor Committee less than subparagraph three(one) in respect of an assessment on the reasonableness on the thing to consider or maybe the compensation, the Assessor Committee it shall evaluation the reasonableness with the thing to consider or perhaps the compensation based on the ask for contained in the appliance.
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During the not likely function of the financial institution failure, understand how the FDIC ensures that you obtain prompt entry to insured deposits.
(two) To the avoidance of doubt, exactly where the legal responsibility for takaful certificates or insurance guidelines of the insurance provider member is transferred to and assumed by An additional insurer member, the full net contributions More hints or total net premiums received through the transferor insurance provider member in regard of that legal responsibility over the previous assessment year shall be considered to become acquired with the transferee insurer member through the previous evaluation calendar year and also the yearly levies shall be compensated by the transferee insurer member appropriately.
134. Inside the winding up of the deposit-using member, the belongings of your deposit-using member shall be accessible to meet up with all liabilities of that deposit-taking member in respect of all deposits in Malaysia in precedence to all other unsecured liabilities of that deposit-using member in Malaysia besides the preferential debts set out in subsection 292(one) of the businesses Act 1965 during the get set out in that subsection and debts due and promises owing to the Government below area 10 of the Government Proceedings Act 1956 [
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(b) provide a see of this sort of transfer order once is practicable by publication in at the very least two check here daily newspapers revealed in Malaysia, one of which shall be during the nationwide language.
(b) the transferee shall not be necessary to make a just take-in excess of give or be needed to acquire the shares of other shareholders from the member institution or perhaps the shares of borrowers below any borrowing and lending arrangements for shares, notwithstanding any deal or everything in any regulation; and
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"(2A) Exactly where the Corporation would make a transfer referred to in paragraph ninety nine(one)(ga) or extinguishes the legal rights referred to in paragraph 128B(seven)(b), a ask for for an evaluation in accordance with the primary Agenda is the only real usually means by which the level of the thing to consider received or receivable in such transfer or the amount of the payment received or receivable in respect of your rights so extinguished may very well be questioned, and no court docket may perhaps entertain any motion, go well with or proceeding searching for to issue the amount of the consideration or payment.
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