Financial_Services_Act_2013

Financial Services Act 2013

Financial Services Act 2013

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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.

Quick Facts Parliament of Malaysia, Citation ...

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

  1. [1]
    "Financial Services Act 2013: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.
  2. [2]
    "Financial Services Act 2013: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.
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