Financial Services Act 2013

Updated on Dec 17, 2024

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Citation Act 758 Enacted by Dewan Rakyat Date of Royal Assent 18 March 2013		Territorial extent Throughout Malaysia Enacted by Dewan Negara Date commenced 22 March 2013

The Financial Services Act 2013 (Malay: Akta Perkhidmatan Kewangan 2013), is a Malaysian laws which enacted to provide for the regulation and supervision of financial institutions, payment systems and other relevant entities and the oversight of the money market and foreign exchange market to promote financial stability and for related, consequential or incidental matters.

Structure

The Financial Services Act 2013, in its current form (22 March 2013), consists of 18 Parts containing 281 sections and 16 schedules (including no amendment).

Part I: Preliminary

Part II: Regulatory Objectives and Powers and Functions of Bank

Part III: Authorization and Registration

Part IV: Payment Systems

Part V: Prudential Requirements

Part VI: Ownership, Control and Transfer of Business

Part VII: Financial Groups

Part VIII: Business Conduct and Consumer Protection

Part IX: Money Market and Foreign Exchange Market

Part X: Submission of Document or Information

Part XI: Examination

Part XII: Directions of Compliance

Part XIII: Intervention and Remedial Action

Part XIV: Other Powers of Bank

Part XV: Enforcement and Penalties

Part XVI: General Provisions

Part XVIII: Repeal, Savings and Transitional

Schedules

References

Financial Services Act 2013 Wikipedia

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