Financial Services Act 2013

Financial Services Act 2013
Parliament of Malaysia
An Act 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.
Citation	Act 758
Territorial extent	Throughout Malaysia
Enacted by	Dewan Rakyat
Enacted by	Dewan Negara
Date of Royal Assent	18 March 2013
Date commenced	22 March 2013
Date effective	[30 June 2013, P.U. (B) 276/2013;[1] s.129 and Schedule 9–1 January 2015, P.U. (B) 552/2014[2]]
Legislative history
Bill introduced in the Dewan Rakyat	Financial Services Bill 2013
Introduced by	[[]], Minister of
First reading	[ ]
Second reading	[ ]
Third reading	[ ]
Bill introduced in the Dewan Negara	Financial Services Bill 2013
Introduced by	[[]], Minister of
First reading	[ ]
Second reading	[ ]
Third reading	[ ]
Related legislation
Banking and Financial Institutions Act 1989 [Act 372] Exchange Control Act 1953 [Act 17] Insurance Act 1996 [Act 553] Payment Systems Act 2003 [Act 627]
Status: In force

The Financial Services Act 2013 (Malay: Akta Perkhidmatan Kewangan 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 (22 March 2013), consists of 18 Parts containing 281 sections and 16 schedules (including no amendment).

• 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

References

1. "Financial Services Act 2013: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.
2. "Financial Services Act 2013: Appointment of Date Coming into Operation" (PDF). Attorney General's Chamber of Malaysia. Retrieved 26 July 2016.

External links

• Financial Services Act 2013  This article incorporates text from this source, which is in the public domain.