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Financial Services Act 2013: An Annotation (eBook)

The Financial Services Act 2013 consolidates the now repealed Banking and Financial Institutions Act 1989, Payment Systems Act 2003, Insurance Act 1996 and the Exchange Control Act 1953. The new Act provides a more uniform governance and regulatory framework for conventional banks in Malaysia and caters for new developments in the financial market. This book provides a detailed commentary on each section of the statute, as well as analysis on the reported decisions of the court.

Published: 26 December, 2019

Publisher: LexisNexis

Product Format Details Qty
eBook
MYR 140.40
ISBN: 9789674008147
The Financial Services Act 2013 consolidates the now repealed Banking and Financial Institutions Act 1989, Payment Systems Act 2003, Insurance Act 1996 and the Exchange Control Act 1953. The new Act provides a more uniform governance and regulatory framework for conventional banks in Malaysia and caters for new developments in the financial market. This book provides a detailed commentary on each section of the statute, as well as analysis on the reported decisions of the court.

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

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