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 adjourns Tony Pua's Appeal against Interim Injunction over RUU355 Video Clip

PUTRAJAYA, Feb 20 (Bernama) - The Federal Court today adjourned the appeal hearing by Damansara Member of Parliament Tony Pua Kiam Wee against an interim injunction order over his alleged video clip relating to the tabling of Syariah Courts (Criminal Jurisdiction) (Amendment) Bill 2016 or RUU355.

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INDUSTRY UPDATES

Sarawak Lawyers wants Government to set up RCI over Judge Allegations

MIRI, Feb 19 (Bernama) - The Advocates Association of Sarawak (AAS) has proposed to the government to set up a Royal Commission of Inquiry (RCI) over the allegation of judicial interference in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer recently.

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INDUSTRY UPDATES

MACC meets Judge Hamid Sultan over 63-Page Affidavit

PUTRAJAYA, Feb 18 (Bernama) - The Malaysian Anti-Corruption Commission (MACC) today met with Court of Appeal judge Datuk Dr Hamid Sultan Abu Baker over his recent 63-page affidavit, filed last week, on allegations of judicial interference.

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INDUSTRY UPDATES

Judiciary lodges Police Report over Allegations in Affidavit

PUTRAJAYA, Feb 15 (Bernama) - The Judiciary has lodged a police report over allegations made against unnamed judges and the institution in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer.

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INDUSTRY UPDATES

Blind Woman's Persistence to become Lawyer bears Fruit

KUALA LUMPUR, Feb 15 (Bernama) - ‘Where there’s a will, there’s a way’, this proverb illustrates the determination and diligence of a visually impaired young woman who has achieved her dream of becoming a lawyer.

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INDUSTRY UPDATES

Lawyer urges Government and CJ to address Justice Hamid's Revelations

KUALA LUMPUR, Feb 15 (Bernama) - Lawyer Sangeet Kaur Deo has called on the government and Chief Justice to immediately look into the claims by Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer, contained in his affidavit which revealed misconduct of top judges and judicial interference.

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Men too face Sexual Harassment at Workplace

SUNGAI PETANI, Feb 14 (Bernama) - Men too have been recorded as being victims of sexual harassment at the workplace, said Women, Family and Community Development Deputy Minister, Hannah Yeoh.

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INDUSTRY UPDATES

LHDN launches eProcurement System, Suppliers' Portal

CYBERJAYA, Feb 13 (Bernama) - The Inland Revenue Board (LHDN) has launched the eProcurement (eP) system and the Suppliers’ portal as a continuous effort to improve service delivery to suppliers or tenderers dealing with the agency.

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INDUSTRY UPDATES

New Policies, Incentives needed under EAC to spur Investments

KUALA LUMPUR, Feb 12 (Bernama) - New policies and incentives must be formulated to encourage both domestic and foreign private investments for the newly minted Economic Action Council (EAC) to achieve its aim of stimulating sustainable growth.

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INDUSTRY UPDATES

SC Chairman elected Vice Chair of International Organisation of Securities Commission

KUALA LUMPUR, Feb 12 (Bernama) - The Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar has been elected vice-chair of the International Organisation of Securities Commissions (IOSCO) Growth and Emerging Markets (GEM) Committee.

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INDUSTRY UPDATES

Economic Action Council formed

PUTRAJAYA, Feb 11 (Bernama) - The Prime Minister’s Office (PMO) today announced the establishment of the Economic Action Council, which is tasked with scrutinising and making decisions regarding economic and financial affairs as well as the people's well-being.

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INDUSTRY UPDATES

Najib's New Money Laundering Case transferred to High Court

KUALA LUMPUR, Feb 11 (Bernama) - The case of former prime minister Datuk Seri Najib Tun Razak involving three additional charges of money laundering to the tune of RM27 million of SRC International funds will be heard in the High Court.

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INDUSTRY UPDATES

Sabah Government should Consider amending Wildlife Conservation Enactment 1997 - Lee Lam Thye

KUALA LUMPUR, Feb 10 (Bernama) - The Sabah State Government should consider amending its Wildlife Conservation Enactment 1997 to make the killing of fully protected animals as a strict liability offence, animal rights activist Tan Sri Lee Lam Thye urged.

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INDUSTRY UPDATES

Malaysia ranks First in World's Best Healthcare Category

KUALA LUMPUR, Feb 6 (Bernama) - Malaysia, with a score of 95 out of 100, ranked first in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index.

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INDUSTRY UPDATES

No Cabinet reshuffle, Says Mahathir

KUALA LUMPUR, Feb 6 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad today dismissed rumours of a Cabinet reshuffle that would reportedly take place after the Chinese New Year festival, saying there was no such thing.

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