The second edition offers an expanded commentary and analysis on the most recent developments in the Financial Services Act 2013. The Act consolidates the repealed Banking and Financial Institutions Act 1989, Payment Systems Act 2003, Insurance Act 1996, and the Exchange Control Act 1953. It provides a more uniform governance and regulatory framework for conventional banks in Malaysia, while also addressing new developments in the financial market

Table of Contents

Part 1: Preliminary

Part 2: Regulatory objectives and powers and functions of bank 

Part 3: Authorization and registration

Part 4: Payment systems

Part 5: Prudential requirements

Part 6: Ownership, Control and Transfer of Business

Part 7: Financial groups

Part 8: Business conduct and consumer protection

Part 9: Money market and foreign exchange market

Part 10: Submission of document or information

Part 11: Examination

Part 12: Directions of compliance 

Part 13: Intervention and remedial action

Part 14: Other Powers of Bank

Part 15: Enforcement and Penalties

Part 16: General provisions

Part 17: Repeal, savings and transitional