Financial Services Act 2013
The Financial Services Act 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, consists of 18 Parts containing 281 sections and 16 schedules.
- 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
