Financial Services Act 2013
| Financial Services Act 2013 | |
|---|---|
 | |
| Parliament of Malaysia | |
| An Act 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. | |
| Citation | Act 758 |
| Territorial extent | Throughout Malaysia |
| Enacted by | Dewan Rakyat |
| Enacted by | Dewan Negara |
| Date of Royal Assent | 18 March 2013 |
| Date commenced | 22 March 2013 |
| Date effective |
[30 June 2013, P.U. (B) 276/2013;[1] s.129 and Schedule 9–1 January 2015, P.U. (B) 552/2014[2]] |
| Legislative history | |
| Bill introduced in the Dewan Rakyat | Financial Services Bill 2013 |
| Introduced by | [[]], Minister of |
| First reading | [ ] |
| Second reading | [ ] |
| Third reading | [ ] |
| Bill introduced in the Dewan Negara | Financial Services Bill 2013 |
| Introduced by | [[]], Minister of |
| First reading | [ ] |
| Second reading | [ ] |
| Third reading | [ ] |
| Related legislation | |
|
Banking and Financial Institutions Act 1989 [Act 372] Exchange Control Act 1953 [Act 17] Insurance Act 1996 [Act 553] Payment Systems Act 2003 [Act 627] | |
| Status: In force | |
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: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.
- ↑ "Financial Services Act 2013: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.
External links
- Financial Services Act 2013
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