Financial Services Act 2013: An Annotation

Financial Services Act 2013: An Annotation By Mohd Johan Lee

The Exchange Control Act 1953, the Payment Systems Act 2003, the Insurance Act 1996, and the now-repealed Banking and Financial Institutions Act 1989 are all combined under the Financial Services Act 2013.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