malaysia - Banking & Finance - Legislation

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

Finance (No. 2) Act 2017

An Act to amend the Income Tax Act 1967, the Real Property Gains Tax Act 1976, the Goods and Services Tax Act 2014 and the Finance Act 2013.
Date: 29 December 2017; Type: Federal Act; Citation: Act 801 of 2017; Source: AGC Federal Gazette

Amendment to the List of Licensees pursuant to the Money Services Business Act 2011

The Bank publishes an amended List of Licensees in pursuant to subsection 20(2) of the Money Services Business Act 2011.
Date: 18 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 584 of 2017; Source: AGC Federal Gazette

Capital Markets and Services (Prescription of Securities and Islamic Securities) (Investment Note and Islamic Investment Note) (Amendment) Order 2017

This Order comes into operation on 22 December 2017.
Date: 18 December 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 390 of 2017; Source: AGC Federal Gazette

Securities Commission Malaysia (Amendment of Schedule 2) Order 2017

This Order comes into operation on 24 November 2017.
Date: 23 November 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 357 of 2017; Source: AGC Federal Gazette

Date of Coming into Operation of the Securities Commission Malaysia (Amendment) Act 2017

The Minister appoints 24 November 2017 as the date on which the Act comes into operation.
Date: 23 November 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 547 of 2017; Source: AGC Federal Gazette

Exemption under Subsection 2A(2) of the Moneylenders Act 1951

The Minister exempts Amanah Ikhtiar Malaysia from all provisions of the Act for a period of twenty-five years.
Date: 23 November 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 546 of 2017; Source: AGC Federal Gazette

INDUSTRY UPDATES

Special Committee to monitor Prices after Zero GST

KOTA KINABALU, June 20 (Bernama) - An activist on human rights and consumerism in Sabah today suggested the setting up of a special committee to ensure traders and wholesalers in Sabah reduce or maintain the low price of their goods following the abolishment of the Goods and Services Tax (GST) last June 1.

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INDUSTRY UPDATES

London Documents to be used as Evidence against Petronas' Application

KUCHING, June 17 (Bernama) - The Sarawak state government would use Malaysia Agreement 1963-related documents found in London last year as a reference in its fight for rights to oil and gas produced in its territory.

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INDUSTRY UPDATES

CEP gets Seven Immediate Recommendations on Institutional Reform

KUALA LUMPUR, June 19 (Bernama) - The Committee on Institutional Reforms submitted to the Council of Eminent Persons (CEP) today seven immediate recommendations on the reform of key institutions in the country.

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INDUSTRY UPDATES

Government to evaluate Zero GST Effect - Salahuddin

PUTRAJAYA, June 18 (Bernama) - The Agriculture and Agro-based Industry Ministry will make a comprehensive evaluation on the effects of the abolition of the Goods and Services Tax (GST) on the cost of food production and price of food items, said its minister, Salahuddin Ayub.

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INDUSTRY UPDATES

GST: Zeti hopes Retailers will pass on Benefits to Consumers

KUALA LUMPUR, June 18 (Bernama) - Council of Eminent Persons (CEP) member Tan Sri Dr Zeti Akhtar Aziz hoped that consumers will continue to enjoy cheaper products following the move by the government to zero-rate the Goods and Services Tax (GST).

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INDUSTRY UPDATES

AALCO Annual Arbitration Forum

AALCO Annual Arbitration Forum

Kuala Lumpur, June 18 - The 2018 Annual Arbitration Forum of the Asian-African Legal Consultative Organisation (AALCO) will be held from the 21st to 22nd of July 2018 at Bangunan Sulaiman, Asian International Arbitration Centre, Kuala Lumpur. The Forum coincides with the 40th anniversary of the Asian International Arbitration Centre’s (AIAC) establishment under the auspices of the AALCO.

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INDUSTRY UPDATES

Website Glitch due to broken chain of trust between MYNIC, IANA Servers

KUALA LUMPUR, June 16 (Bernama) - MYNIC Bhd, an agency under the Communications and Multimedia Ministry (KKMM), has confirmed there was a broken chain of trust between the servers in MYNIC and Internet Assigned Numbers Authority (IANA).

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INDUSTRY UPDATES

Chief Justice, Court of Appeal President tender Resignations

PUTRAJAYA, June 13 (Bernama) - Chief Justice Tun Raus Sharif and Court of Appeal president Tan Sri Zulkefli Ahmad Makinudin have tendered their resignations which will take effect on July 31, it was announced today.

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INDUSTRY UPDATES

Dr M defends CEP over summoning of Judges

TOKYO, June 12 (Bernama) - Tun Dr Mahathir Mohamad has come to defence of the Council of Eminent Persons (CEP) for reportedly summoning judges recently.

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INDUSTRY UPDATES

Interpol Red Notice can be used to arrest Jho Low - Lawyers

KUALA LUMPUR, June 11 (Bernama) - There are ways to bring Low Taek Jho or Jho Low back to the country over an investigation of the 1Malaysia Development Berhad (1MDB) scandal.

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INDUSTRY UPDATES

Put an end to BNM's Non-Core Activities

KUALA LUMPUR, June 12 (Bernama) - Putting an end to Bank Negara Malaysia's (BNM) involvement in non-core activities, should be one of the main reforms that the new government can embark on, said HELP University Professor Dr Geoffrey Williams.

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INDUSTRY UPDATES

Malaysia and Japan to revive Look East Policy

KUALA LUMPUR, June 12 (Bernama) - Malaysia and Japan will rejuvenate and upgrade the Look East Policy to deepen collaboration and strengthen business competitiveness for both countries.

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INDUSTRY UPDATES

AG to recuse himself Sua Sponte

PUTRAJAYA, June 11 (Bernama) - Attorney-General (AG) Tommy Thomas has given assurance that he will recuse himself from cases involving parties he may know to avoid conflict of interest, according to the Malaysian Bar Council.

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INDUSTRY UPDATES

Tourism Tax should be abolished - MAH

KUALA LUMPUR, June 11 (Bernama) - The Malaysian Association of Hotels today reiterated their call for the tourism tax to be abolished as it is counter productive to the tourism industry.

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INDUSTRY UPDATES

Companies, Traders need to submit GST 03 Tax returns for now

ALOR SETAR, June 9 (Bernama) - The Royal Malaysian Customs Department says traders who have registered under the Goods and Services Tax (GST) system need to submit their GST 03 statements or tax returns even though the GST has been zero rated since June 1.

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