Financial Services Act 2013: An Annotation


Financial Services Act 2013: An Annotation By Mohd Johan Lee

Author Mohd Johan Lee
Publication Date December, 2019
ISBN 9789674008116
Format Softcover, 328 pages
Publisher LexisNexis


The Exchange Control Act 1953, the Payment Systems Act 2003, the Insurance Act 1996, and the now-repealed Banking and Financial Institutions Act 1989 are all combined under the Financial Services Act 2013. The revised Act accommodates to new changes in the financial system and offers a more unified governance and regulatory structure for Malaysia's conventional banks. This book offers an in-depth analysis of every provision of the law as well as commentary on the court's published rulings.

Table of Contents

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 XVII: Repeal, savings and transitional
Schedule 1-16

ISBN: 9789674008116

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