Financial Services Act 2013 (Act 758) [As At 5th October 2023]

Financial Services Act 2013 (Act 758)

[As At 5th October 2023]

The Financial Services Act 2013 (Act 758) provides a comprehensive framework for overseeing Malaysia’s conventional financial sector, including financial institutions, payment systems, and the money and foreign exchange markets. Primarily administered by Bank Negara Malaysia, it sets out requirements for licensing, registration, corporate governance, financial soundness, ownership and business conduct. The Act also addresses consumer protection and grants regulatory powers to monitor compliance and manage financial risks, helping to maintain a stable financial system and protect the interests of financial consumers.

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