malaysia - Banking & Finance - Legislation

Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019

This Order comes into operation on 15 January 2019.
Date: 14 January 2019; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 12 of 2019; Source: AGC Federal Gazette

Finance Act 2018

An Act to amend the Income Tax Act 1967, Promotion of Investments Act 1986, Stamp Act 1949, Real Property Gains Tax Act 1976, Labuan Business Activity Tax Act 1990, Service Tax Act 2018 and Sales Tax Act 2018.
Date: 27 December 2018; Type: Federal Act; Citation: Act 812 of 2018; Source: AGC Federal Gazette

Supply Act 2019

An Act to apply a sum from the Consolidated Fund for the service of the year 2019 and to appropriate that sum for the service of that year.
Date: 27 December 2018; Type: Federal Amendment Act; Citation: Act A1575 of 2018; Source: AGC Federal Gazette

Bill of the Finance Bill 2018

This Bill seeks to amend the Income Tax Act 1967, the Promotion of Investments Act 1986, the Stamp Act 1949, the Real Property Gains Tax Act 1976, the Labuan Business Activity Tax Act 1990, the Service Tax Act 2018 and the Sales Tax Act 2018.
Date: 22 November 2018; Type: Federal Bill; Citation: DR 24 of 2018; Source: Parliament

Central Bank of Malaysia (Implementation of the United Nations Security Council Resolutions Relating to the Central African Republic) Regulations 2018

The object of these Regulations is to implement the measures decided by the United Nations Security Council in pursuance of Article 41 of the Charter of the United Nations to give effect to the freezing of funds, financial assets and economic resources relating to the Central African Republic and to provide for other related matters.
Date: 02 November 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 282 of 2018; Source: AGC Federal Gazette

Moneylenders (Compounding of Offences) (Amendment) Regulations 2018

These Regulations come into operation on 1 October 2018.
Date: 28 September 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 240 of 2018; Source: AGC Federal Gazette

List of Licensees under the Money Services Business Act 2011

The licensees' list as on 16 March 2018.
Date: 27 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 219 of 2018; Source: AGC Federal Gazette

Capital Markets and Services (Fees) (Amendment) Regulations 2018

These Regulations come into operation on 5 April 2018.
Date: 04 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 87 of 2018; Source: AGC Federal Gazette

Capital Markets and Services (Prescription for Excluded Offers and Invitations and Excluded Issues for Seasoned Bonds) Order 2018

This Order comes into operation on 5 April 2018.
Date: 04 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 88 of 2018; Source: AGC Federal Gazette

Capital Markets and Services (Amendment of Schedules 6 and 7) Order 2018

This Order comes into operation on 5 April 2018.
Date: 04 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 89 of 2018; Source: AGC Federal Gazette

List of Labuan Banks and Labuan Investment Banks

This is to notify the list of Labuan banks and Labuan investment banks whose licences are valid as at 31 December 2017.
Date: 29 March 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 150 of 2018; Source: AGC Federal Gazette

List of Takaful Licensees

This is to notify the list of takaful licensees whose licences are valid as at 31 December 2017.
Date: 29 March 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 153 of 2018; Source: AGC Federal Gazette

List of Labuan Islamic Banks

This is to notify the list of Labuan Islamic banks whose licences are valid as at 31 December 2017.
Date: 29 March 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 152 of 2018; Source: AGC Federal Gazette

Pawnbrokers (Compounding of Offences) Regulations 2018

These Regulations come into operation on 1 March 2018.
Date: 26 February 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 58 of 2018; Source: AGC Federal Gazette

Financial Services (Exemption) Order 2018

This is to notify that the Development Bank of Sarawak Berhad is exempted from the application of subsections 137(1) and 138(1) of the Financial Sevices Act 2013 subject to the compliance of the specified conditions.
Date: 23 February 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 54 of 2018; Source: AGC Federal Gazette

Labuan Financial Services and Securities (Amendment) Regulations 2018

These Regulations come into operation on 1 July 2018.
Date: 20 February 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 47 of 2018; Source: AGC Federal Gazette

Capital Markets and Services (Amendment of Schedule 5) Order 2018

This Order comes into operation on 1 April 2018.
Date: 06 February 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 22 of 2018; Source: AGC Federal Gazette

Interest Schemes (Amendment of Second Schedule) Order 2018

This Order comes into operation on 31 January 2018.
Date: 30 January 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 14 of 2018; Source: AGC Federal Gazette

Appointment of Date of Coming into Operation of the Finance Act (No. 2) 2017

Under the Finance Act (No. 2) 2017, the Minister appoints 1 January 2018 for Sections 20, 21, 23 and 1 October 2018 for Section 22 as the dates on which these Sections of the Act come into operation.
Date: 29 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 610 of 2017; Source: AGC Federal Gazette

Supply Act 2018

An Act to apply a sum from the Consolidated Fund for the service of the year 2018 and to appropriate that sum for the service of that year.
Date: 29 December 2017; Type: Federal Amendment Act; Citation: Act A1557 of 2017; Source: AGC Federal Gazette

INDUSTRY UPDATES

Court cautions Najib against posting Statements on his Trial

KUALA LUMPUR, Jul 18 (Bernama) - The High Court here today cautioned Datuk Seri Najib Tun Razak against posting any more statements in social media pertaining to his SRC trial or risk being cited for contempt of court.

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INDUSTRY UPDATES

Bank Muamalat: 'Court did not find us Guilty of Union-Busting'

KUALA LUMPUR, Jul 18 (Bernama) - Bank Muamalat Malaysia Bhd today said it was never found guilty of union-busting or had breached any law.

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INDUSTRY UPDATES

Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

CUEPAC urges Government to review Minimum Wage

KUALA TERENGGANU, Jun 30 (Bernama) - The Congress of Unions of Employees in the Public and Civil Services (CUEPACS) has urged the government to review the minimum wage in an effort to reduce the people’s cost of living.

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INDUSTRY UPDATES

MITI calls SMEs to sign up for IR4.0 Assessment

GEORGE TOWN, Jun 28 (Bernama) - The Ministry of International Trade and Industry (MITI) is encouraging small and medium-sized enterprises (SMEs) in the manufacturing sector to sign up for the National Policy on Industry 4.0 Readiness Assessment (Industry4WRD-RA).

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INDUSTRY UPDATES

Lawyer Shafee's Money-Laundering trial moved to March Next Year

KUALA LUMPUR, Jun 27 (Bernama) - The trial of prominent lawyer Tan Sri Muhammad Shafee Abdullah, who is facing two counts of money laundering charges involving RM9.5 million he allegedly received from former prime minister Datuk Seri Najib Tun Razak, and two charges of making false statements to the Inland Revenue Board (IRB), has been moved to March next year.

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