Friday, January 31, 2020
The Green Light in The Great Gatsby Essay Essay Example for Free
The Green Light in The Great Gatsby Essay Essay Key Factors * 1920ââ¬â¢s America ââ¬Å"the Jazz eraâ⬠ââ¬â America had a soaring economy ââ¬â Set in the summer of 1922. * Wealth, class, social status, love, materialism and the decline of theââ¬Å"American Dreamâ⬠(caused by a dizzy rise in the stock markets after WW1) are all major themes * Narrated through the eyes of character Nick Carraway ââ¬â educated at Yale, moves to New York from Minnesota ââ¬â presumably searching for success i.e. the American Dream * The storyline is very similar to Francis Scott Key Fitzgeraldââ¬â¢s own life events. * Prohibition of alcohol in America (1920-1933) meant that bootlegging/rum-running was big business. This was how Gatsby made his fortune. * Every character appears to be something theyââ¬â¢re not. * Fitzgerald portrays the 1920s as an era of decayed social and moral values, evidenced in its overarching cynicism, greed, and empty pursuit of pleasure * As Fitzgerald saw it (and as Nick explains in Chapter 9), the American dream was originally about discovery, individualism, and the pursuit of happiness. In the 1920s depicted in the novel, however, easy money and relaxed social values have corrupted this dream, especially on the East Coast. Essay Question Analysis Explore the ways in which Fitzgerald presents contrast between the characters of Daisy and Myrtle in The Great Gatsby? Daisy Buchanan: Her name symbolises a flower: White on the outside and yellow on this inside, this is in keeping with Fitzgeraldââ¬â¢s use of colours/symbolism. Although white may be used throughout the novel to symbolise purity, innocence and honesty, could it be that white could mean blank, void, empty? * ââ¬Å"The exhilarating ripple of her voice was a wild tonic in the rainâ⬠* ââ¬Å"Her voice is full of moneyâ⬠couldnt be over-dreamed Metaphor * ââ¬Å"Daisyââ¬â¢s murmur was only to make people lean towards her, an irrelevant criticism that made it no less charmingâ⬠* ââ¬Å"She dressed in white, and had a little white roadsterâ⬠ââ¬â ââ¬Å"white girlhoodâ⬠* It makes me sad because Ive never seen such such beautiful shirts before. ââ¬â Materialism * Daisy and Jordan lay upon an enormous couch, like silver idols weig hing down their own white dresses against the singing breeze of the fans. * I hope shell be aà foolthats the best thing a girl can be in this world, a beautiful little fool You see, I think everythings terrible anyhow And I know. Ive been everywhere and seen everything and done everything. ââ¬â Materialism If her daughter is a fool, then shell never get hurt. Shell never realize that she married for money and status instead of real love, that her husband is having an affair right under her nose, that everyone sees her as silly, stupid, naive, and pitiful. If shes a fool, shell never have an opinion that can be dismissed by the men in her life, and shell never care about anything except dresses and flowers and all the pretty things in life. Shell be pretty enough to find a husband who can support her financially, and dumb enough never to realize how tragic life actually is. * Nicks second cousin, once removed. * ââ¬Å"The most popular young girl in Louisvilleâ⬠* Daughter ââ¬Å"Pammyâ⬠is rarely seen throughout the book. Though when company is over she is beckoned to perform an act. Much like Daisy. Daisyââ¬â¢s Location and descriptions * East Egg, Long Island, New York. ââ¬â home to ââ¬Å"old moneyâ⬠, wealthy aristocracy, tradition, old ideals and ideas * Comes from a wealthy family in Louisville, Kentucky * The significance of East Egg and West Egg is the social divide between new money and old money. Daisy and Tom Buchanan are old money (their families have been rich for many generations) and so they live on East Egg island. Gatsby and Nick are new money (theyve earned it themselves or their parents earned it through work) so they live on West Egg island. It also represents the ideas of living in the past and present. East Egg represents how Daisy and Tom both live with old world ideals and ideas, and refusing to move on into the west where new things await. West Egg represents how Gatsby and Nick are living in the present and they try to move out of the past life and ideals. They are able to look to the future instead of being held back in the past. They are unafraid to try new things. NICKS QUOTE ABOUT THE AMERICAN DREAM ââ¬Å"the green light, the orgiastic futureà that year by year recedes before us. It eluded us then, but thats no mattertomorrow we will run faster, stretch out our arms farther. And one fine morning So we beat on, boats against the current, borne back ceaselessly into the past. TOM AND DAISY QUOTE ââ¬â ââ¬Å"They were careless people, Tom and Daisy they smashed up things and creatures and then retreated back into their money of their vast carelessness, or whatever it was that kept them together and let other people clean up the mess they had made.â⬠Myrtle Wilson ââ¬â Much like Daisy, Myrtle also symbolises a plant, however, Myrtle (translated from old English) means evergreen shrub, which is a very common plant. This is a valley of ashesa fantastic farm where ashes grow like wheat into ridges and hills and grotesque gardens; where ashes take the forms of houses and chimneys and rising smoke and, finally, with a transcendent effort, of men who move dimly and already crumbling through the powdery air. Occasionally a line of gray cars crawls along an invisible track, gives out a ghastly creak, and comes to rest, and immediately the ash-gray men swarm up with leaden spades and stir up an impenetrable cloud, which screens their obscure operations from your sight. He thinks she goes to see her sister in New York. Hes so dumb he doesnt know hes alive. I married him because I thought he was a gentlemanI thought he knew something about breeding, but he wasnt fit to lick my shoe. Colors Symbolism, Imagery, Allegory Sometimes we sound like art snobs when we talk about The Great Gatsby (Look at the use of green! Such marvelous blues, and so forth). Honestly, it seems like thereââ¬â¢s a little too much color stuff going on here to be coincidental. Yellow and Gold: Money, Money, Money. Oh, and Death. First off, weââ¬â¢ve got yellows and golds, which weââ¬â¢re thinking has something toà do withâ⬠¦gold (in the cash money sense). Why gold and not green? Because weââ¬â¢re talking about the real stuff, the authentic, traditional, old money ââ¬â not these new-fangled dollar bills. So youââ¬â¢ve got your yellow cocktail music playing at Gatsbyââ¬â¢s party where the turkeys are bewitched to dark gold and Jordan and Nick sit with two girls in yellow. It seems clear, then, that Gatsby is using these parties to try to fit in with the old money crowd. And it doesnââ¬â¢t stop there; when Gatsby is finally going to see Daisy again at Nickââ¬â¢s house, he wears a gold tie. Nick later mentions the pale gold odor of kiss-me-at-the-gate, which may seem weird (since last we checked, colors didnââ¬â¢t have a smell) until we remember Nickââ¬â¢s description of New York as a wish out of non-olfactory money. Odor then is associated with gold, and non-odor with money. The difference? Perhaps the same distinction as Daisyââ¬â¢s upper class world and Gatsbyââ¬â¢s new-found wealth. While Gatsby buys a yellow car to further promote his facade, heââ¬â¢s really not fooling anyone. Lastly, weââ¬â¢ve got Daisy, who is only called the golden girl once Gatsby realizes that her voice, her main feature, is full of money. Yellow is not just the color of money, but also of destruction. Yellow is the color of the car that runs down Myrtle. The glasses of Eckleburg, looking over the wasteland of America, are yellow. This dual symbolism clearly associates money with destruction; the ash heaps are the filthy result of the decadent lifestyle led by the rich. White: Innocence and Femininity. Maybe. While weââ¬â¢re looking at cars, notice that Daisyââ¬â¢s car (back before she was married) was white. So are her clothes, the rooms of her house, and about half the adjectives used to describe her (her white neck, white girlhood, the kingââ¬â¢s daughter high in a white palace). Everyone likes to say that white in The Great Gatsby means innocence, probably because 1) thatââ¬â¢s easy to say and 2) everyone else is saying it. But come on ââ¬â Daisy is hardly the picture of girlish innocence. At the end of the novel, she is described as selfish, careless, and destructive. Does this make the point that even the purest characters in Gatsby have been corrupted? Did Daisy start off all innocent and fall along the way, or was there no such purity to begin with? Or, in some way, does Daisyââ¬â¢s decision to remain with Tom allow her to keep her innocence? Weââ¬â¢ll keep thinking about that one.à Blue: This Oneââ¬â¢s Up For Grabs Then thereââ¬â¢s the color blue, which we think represents Gatsbyââ¬â¢s illusions his deeply romantic dreams of unreality. We did notice that the color blue is present around Gatsby more so than any other character. His gardens are blue, his chauffeur wears blue, the water separating him from Daisy is his blue lawn, mingled with the blue smoke of brittle leaves in his yard. His transformation into Jay Gatsby is sparked by Cody, who buys him, among other things, a blue coat. Before you tie this up under one simple label, keep in mind that the eyes of T.J. Eckleburg are also blue, and so is Tomââ¬â¢s car. If blue represents illusions and alternatives to reality, God may be seen as a non-existent dream. As for Tomââ¬â¢s carâ⬠¦well, you can field that one. Grey and a General Lack of Color: Lifelessness (no surprise there) Then there is the lack of color presented in the grey ash heaps. If the ash heaps are associated with lifelessness and barrenness, and grey is associated with the ash heaps, anyone described as grey is going to be connected to barren lifelessness. Our main contender is Wilson: When anyone spoke to him he invariably laughed in an agreeable colorless way. Wilsonââ¬â¢s face is ashen. His eyes are described as pale and glazed. It is then no coincidence that Wilson is the bearer of lifelessness, killing Gatsby among yellow leaved trees, which we already decided had something to do with destruction. Green: Life, Vitality, The Future, Exploration Last one. Weââ¬â¢re thinking green = plants and trees and stuff, so life and springtime and other happy things. Do we see this in The Great Gatsby? The most noticeable image is that green light we seem to see over and over. You know, the green light of the orgastic future that we stretch our hands towards, etc. etc. We can definitely see green as being hopeful, as being the future, as being vitality and freshness. Right before these famous last lines, Nick also describes the fresh, green breast of the new world, the new world being this land as Nick imagines it existed hundreds of years before. The new world might be green, but when Nick imagines Gatsbyââ¬â¢s future without Daisy, he sees a new world, material without being real, where poor ghosts, breathing dreams like air, drifted fortuitously aboutlike that ashen fantastic figure gliding toward him through the amorphous trees. Nickà struggles to define what the future really means, especially as he faces the new decade before him (the dreaded thirties). Is he driving on toward grey, ashen death through the twilight, or reaching out for a bright, fresh green future across the water?
Wednesday, January 22, 2020
The Reality of War in John Knowles A Separate Peace Essay -- Separate
The Reality of War in John Knowles' A Separate Peace In his book A Separate Peace John Knowles communicates what war really is. He uses a number of complex characters in a very complicated plot in order to convey the harsh, sad, cruel, destructive forces of war. The Characters Gene and Finny are used as opposing forces in a struggle between that cold reality of war-that is World War II in this story-and a separate peace. A peace away from the real war and all of the terrible things that come with it. Through their relationship, that is a struggle on both sides from the beginning, Knowles establishes the reality of war in all of its essence. Gene Forrester is established as the force of reality which is the war. This idea is established clearly in a lengthy speech Gene gives as the narrator of the story in Chapter Three: Everyone has a moment in history which belongs particularly to him. It is the moment when his emotions achieve their most powerful sway over him, and afterward when you say to this person "the world today" or "life" or "reality" he will assume that you mean this moment, even if it is fifty years past. The world, through his unleashed emotions, imprinted itself upon him, and he carries the stamp of that passing moment forever. (32) This statement explains that Gene must have something that is his "stamp." This stamp appears to define an individual-exemplifying what he stands for. It is found that this is true in the next paragraph where Gene continues, "For me, this moment-four years is a moment in history-war the war. The war was and is reality for me. I still live and think in its atmosphere" (32). Later in the same paragraph he goes on to say: America is not, never has been, and never will be wha... ...ovels." Studies in Short Fiction (Newberry College), vol. 1, no. 2, Winter 1964, pp. 107-112. McDonald, James L. "The Novels of John Knowles." Arizona Quarterly, vol. 23, no. 4, Winter1967, pp. 335-342. Raven, Simon. "No Time for War." The Spectator, vol. 212, no. 6827, May 1, 1959. p. 630. Weber, Ronald. "Narrative Method in A Separate Peace." Studies in Short Fiction (Newberry College), vol. 3, no. 1, Fall 1965, pp. 63-72. Witherington, Paul. "A Separate Peace: A Study in Structural Ambiguity." English Journal (NCTE), vol. 54, no. 9, December 1965, pp. 795-800. Wolfe, Peter. "The Impact of Knowles's A Separate Peace." University of Missouri Review, vol. 36, no. 3, March 1970, pp. 189-198. "School Reports." Times Literary Supplement, no. 2983, May 1, 1959, p. 262. "The Leap." Time, vol. 75, no. 14, April 4, 1960, pp. 96, 98.
Tuesday, January 14, 2020
Based on George Parks
Based on George Parks (2007) December article for Correction Today, the application of Relapse Prevention Therapy (RPT) as a primary cognitive-behavioral therapy (CBT) in corrections and recidivism . He recognizes that RP affords the implementation of evidenced based interventions in corrections but requires further refinement if it is to be expanded from its current application in offender programming. This would require further testing of RP programs and more importantly, a philosophical shift in criminal programs for the effectiveness of rehabilitation and social reintegration. Criminality is an issue that is continuing concern of any society. Considering the evidence suggesting the increase in repeat offenders and the degree of their crime, the demand to develop effective recidivism programs is well justified. Parks (2007) discusses RPT clearly and provides significant information regarding its application prevailing principles and practices in its application. However, though his discussion on the impact of RPT and related CBT based interventions, he does not provide statistical or actual performance evidence. Though this does not imply that his opinion is less valid, the urgency and importance of the issue would have been better communicated with the presentation of such data. Parks himself recognizes the need for new perspectives and insights to the issue of not only corrections and recidivism but also corrections and social support for offenders. There have been a numbers of suggestions to address the issue including the contradictions to RPT such as the increase in punitive measures for offenders. In the case of restorative justice programs, there has been a similar increase in the support for their application but there has been hesitation on their full implementation because of perceived risks and the management participation on inmates. RPT has an advantage over other perspectives since there is already substantial evidence of its effectivity and relatively has lower risks since people involved in the interventions are limited to offendersââ¬â¢ corrections and parole officers. The researchââ¬â¢s orientation reflects a psychological perspective as evidenced by the focus on CBT approaches. It should be noted that orientation does not exclude other orientations, as it is apparent form Parkââ¬â¢s discussion that he recognizes the value of various perspectives in the development of recidivism programs. For example, he sites that crime cycles should be studied based on the conditions that create offense scenarios which include social, political and criminological perspectives or orientations. The theoretical framework utilized by Park combines sociology and psychology. The latter is apparent in the programs the areas of correction he sees the potential for the application for RPT. This puts an emphasis on psychological strategies, indicated by his recommendation of CBT and CBT-based programs including RPT as well as Helen Annisââ¬â¢s structured relapse prevention (SRP). However, the actual intervention proposed utilizes sociological frameworks for implementation. He believes that there is significant change that offenders will be able to reform if they are able to learn the impact of their actions, their responsibility for it and the need for criminal justice programs to apply penalties for those who offend them. Parkââ¬â¢s orientation also indicates his support for sociogenic collaborative programs in corrections and criminal recidivism. Parkââ¬â¢s theoretical perspective and research orientation are consistent with each other. Like any other author or researcher, his research orientation is based on the theoretical perspective he employs in developing the study. Thus, the assumption that the researcher employs for the research are reflected in the orientation of the study, the way the collaborations for the program are constructed or are to operate and the determination of the desired outcomes of the programs. In the same way, an insight to the theoretical perspective of the author allows credible estimates to how the research will approach he subject matter. The literature review completed by Park and his opinion of them reflect his theoretical perspective and research orientation. In particular, his citation of the works of Annis, David Wexler, James McGuire, John A. Cunningham , Edward Zamble and of course the proponent of RPT, G. Alan Marlatts. Though Park does not make any distinct or overt contrary position against any research mentioned or otherwise in his studies, he constantly reiterates his belief of the need for further studies before extensive application of RPT can be done. One point he points out is the lack of large-scale cohort studies to support the intensified application of RPT in recidivism. As previously mentioned, one of the limitations of parkââ¬â¢s study is the lack of quantitative data. Though considering the extent of the assessment he made of the existing literature, there is sufficient corroboration for the regard he has for RPT, CBT-based programs and the existing researches for the subject. Parkââ¬â¢s analysis of the research and its related issues and concerns reflects his own extensive research and interest in the issue. His insights and conclusions are not surprising because similar conclusions about corrections, rehabilitation and recidivism are reflected in other researches. However, unlike some opinions on the issue, Park believes that offenders should be given allow the opportunities for rehabilitation and reintegration. His sentiment is not just for humanitarian reasons but also recognized that the success of such interventions will reduce demands for correction facilities and programs. Written for popular readership, the research is quiet effective in delivering the need for correction and rehabilitation programs for offenders that will allow them to become productive and law-abiding members of society. Considering this, then Parkââ¬â¢s avoidance of statistical or technical terms in RPT or CBT may be deliberate so as not to overwhelm his audience. Furthermore, this supports his objective of communicating the issue as social concern that needs collaborations of various social institutions as well as the public. The construction of Parkââ¬â¢s arguments first highlights the significance of RPT in criminal justice systems then reflects the importance of the issue in society and among individual members of it. He points out that the objective of any criminal justice system is should go beyond apprehending and punishing offenders and extends to efforts that offenders are able to reform and become productive members of society. He then enumerates the requirements for the development of RPT programs that support these objectives and the insights that can be developed from existing research. In this article, Park contributes to readersââ¬â¢ understanding of the developing issue in corrections and recidivism, the perspective or researches being developed regarding it, and the potential of utilizing CBT-based interventions such as RPT. It highlights the need to review the relevance of programs and to streamline strategies to maximize the resources of criminal justice programs. There is also the realization of the increasing emphasis in rehabilitation of offenders instead of punitive measures which in turn reflects changes in social perspectives on criminality and corrections management. Parkââ¬â¢s research is to be commended in its effort to reach a wider audience for an issue that has often been considered as a concern exclusively to the criminal justice field. Furthermore, his emphasis on the development of research, testing and collaborative programs lend a strong foundation as well as frameworks for the development of programs and interventions. The issue of recidivism, crime and rehabilitation is presented as in issue that affects all member of society not only offenders or their victims. In conclusion, Parkââ¬â¢s work should be considered as an important foundation for further researchers on the topic and provides ample foundation for the analysis and development of RPT applications in criminal justice programs. REFERENCE Parks, George A. (2007). New approaches to using relapse prevention therapy in the criminal justice system. Corrections Today 69(6) December: 46(4)
Monday, January 6, 2020
LEGISLATION ADMINISTERED AND ENFORCED BY BANK NEGARA MALAYSIA AND SECURITY COMMISSION - Free Essay Example
Sample details Pages: 4 Words: 1200 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? The Act provides for the administration, objectives of the Central Bank. It also enumerates the powers and the duties of the Central Bank in relation to issuance of currency, maintenance of external reserve, authorized business of the bank, specific powers to deal with ailing institutions, its relationship with the Government and financial institutions. The Act also contains general provisions on the Banks accounts, powers to compound etc. Donââ¬â¢t waste time! Our writers will create an original "LEGISLATION ADMINISTERED AND ENFORCED BY BANK NEGARA MALAYSIA AND SECURITY COMMISSION" essay for you Create order 2. Banking and Financial Institutions Act 1989 (BAFIA) The BAFIA which came into force on October 1, 1989 provides for the licensing and regulation of institutions carrying on banking, finance company, merchant banking, discount house and money-broking businesses. It also provides for the regulation of institutions carrying on scheduled business comprising non-bank sources of credit and finance, such as credit and charge card companies, building societies, factoring, leasing companies and development finance institutions. Non-scheduled institutions which are engaged in the provision of finance may be subject to Part X and XI of the BAFIA as the Minister of Finance may decide. 3. Exchange Control Act 1953 Exchange Control Notices (ECM) ECM 1 to 16 The Act restricts dealings in gold and foreign currencies, payments to and from residents, issuance of securities outside Malaysia, imports and exports and settlements. The Act also empowers the Controller for Foreign Exchang e to grant permissions and consent on the foregoing and to enforce the provisions of the Act. The Act is supplemented by the Exchange Control Notices (ECM). ECM is issued by the Controller which embodies the general permission and directions of the Controller. 4. Islamic Banking Act 1983 An Act to provide for the licensing and regulation of Islamic banking business. The Act inter alia has provisions on the financial requirements and duties of an Islamic Bank, ownership, control and management of Islamic banks, restrictions on its business, powers of supervision and control over Islamic bank and other general provisions such as penalties etc. 5. Insurance Act 1996 The provisions of the Act deal with the licensing of insurers, insurance brokers adjusters and reinsurers. It also deals with setting up of subsidiary and offices, establishment of insurance fund, direction and control of defaulting insurers, the control on management of licensee, accounts of licensee, examin ation and investigation powers of the Central Bank, winding-up, transfer of business of licensee. The Act also provides for matters relating to policies, insurance guarantee scheme fund, enforcement powers of the Central Bank, offenses and other general provisions. 6. Takaful Act 1984 An Act to provide for the registration and regulation of takaful business in Malaysia and for other purposes relating to or connected with takaful. Takafulin this context means a scheme based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for that purpose. 7. Government Investment Act 1983 An Act to confer on the Minister power to receive investments of moneys for a fixed period and to pay dividend thereon. The Act amongst other things appoints the Central Bank as the agent of the Government and allows the issue of the investment by way of book-e ntry i.e. scripless. 8. Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLA) Since 2000, Malaysia has made significant progress in constructing a comprehensive anti-money laundering regime. Malaysias National Coordination Committee to Counter Money Laundering (NCC), comprised of members from 13 government agencies, oversaw the drafting of Malaysias Anti-Money Laundering Act 2001 (AMLA) and coordinates government-wide anti-money laundering efforts. The AMLA, enacted in January 2002, criminalized money laundering and lifted bank secrecy provisions for criminal investigations involving more than 150 predicate offenses. The law also created a financial intelligence unit (FIU) located in the Central Bank, Bank Negara Malaysia (BNM). The FIU is tasked with receiving and analyzing information, and sharing financial intelligence with the appropriate enforcement agencies for further investigations. The Malaysian FIU works with more than twelve other agencies to identif y and investigate suspicious transactions. 9. Uniform Customs and Practice for Documentary Credits (UCP 600) Not a legislation but a trade finance practices The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilised by bankers and commercial parties in more than 175 countries in trade finance. UCP 600 came into effect on 1 July 2007. It is the sixth revision of the rules since they were first promulgated in 1933. UCP defines rights and obligations of the various parties in a documentary credit transaction, it is not law and any given documentary credit is subject to the UCP only to the extent indicated in the documentary credit itself. 10. Capital Markets and Services Act 2007 (CMSA) The CMSA prescribes the laws among others, to regulate and to provide for matters relating to the activities, markets and intermediaries in the capital markets. CMSA largely consolidates the Securit ies Industry Act 1983 (SIA), the Futures Industry Act 1993 (FIA) and Part IV of the Securities Commission Act 1993 (SCA), makes some changes to the regulatory structure of stock markets and futures markets, revamps the securities and futures industry licensing framework, adds new provisions to help promote Malaysias development as a global Islamic financial hub, improves and modernises the regulatory framework, fund raising activities and investor protection and introduces provisions for self-regulatory organizations. 11. Labuan Financial Services and Securities Act 2010 (LFSSA) This Act provides the framework on the licensing and regulation of financial services and securities in Labuan. With the enactment of the Labuan Financial Services and Securities Act 2010, the following Acts are repealed:- o Labuan Trust Companies Act 1990; o Offshore Banking Act 1990; o Offshore Insurance Act 1990; and o Labuan Offshore Securities Industry Act 1998. 12. Labuan Islamic F inancial Services and Securities Act 2010 The Act sets the licensing and regulatory framework for Islamic financial services and securities in Labuan and provides for the establishment of Islamic banking and Takaful business including captive Takaful business plus Labuan Islamic trusts, foundations, limited partnerships and limited liability partnerships. 13. Labuan Financial Services Authority Act 1996 This Act described and governed the roles and powers of Labuan FSA. Under this legislation, Labuan FSA is allowed and given the power to administer, carry out and enforce the Labuan legislation to all industry players in this jurisdiction. 14. Malaysia Deposit Insurance Corporation Act 2011 The Act sets adequate powers to the Malaysia Deposit Insurance Corporation (PIDM) to manage troubled financial institutions (member institutions) effectively. Provides PIDM powers to improve consumer protection in terms of finance. The scope of protection for deposits has been raise d from RM60,000 to RM250,000. Exchange Control Notices (ECM) ECM 1 to 16 Bank Negara Malaysia, as agent of the Government on exchange control matters, administers the Exchange Control Act 1953 since August 1, 1960, with the Governor as the Controller of Foreign Exchange. To complement the Act, the Controller issues exchange control notices and various circulars from time to time. Currently, there are sixteen ECM notices: ECM No. Contents 1 Definitions 2 Dealings in Gold and Foreign Currency 3 External Accounts 4 General Payments 5 Export of Goods 6 Credit Facilities to Non-Residents 7 Foreign Currency Accounts 8 Domestic Credit Facilities to Non-Resident Controlled Companies This notice was revoked on April 1, 2005. 9 Investments Abroad 10 Foreign Currency Credit Facilities and Ringgit Credit Facilities From Non-Residents 11 Inter-Company Accounts 12 Securities 13 Import and Export of Currency Notes, Bills of Exchange, Assurance Policies, etc. 14 Dealings with Specified Persons and in Restricted Currencies 15 Labuan International Offshore Financial Centre 16 Approved Operational Headquarters
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