PART A OVERVIEW INTRODUCTION APPLICABILITY... 1 PART B LEGAL PROVISIONS LEGAL PROVISIONS (Please refer to the BAFIA for the
|
|
- Jemima Haynes
- 8 years ago
- Views:
Transcription
1 PART A OVERVIEW INTRODUCTION APPLICABILITY... 1 PART B LEGAL PROVISIONS LEGAL PROVISIONS (Please refer to the BAFIA for the full version of the law)... 2 PART C POLICY REQUIREMENTS POLICY REQUIREMENTS STAFFING... 6 PART D APPLICATION PROCEDURES APPLICATION TO ESTABLISH A REPRESENTATIVE OFFICE APPLICATION TO APPOINT AND REAPPOINT A CHIEF REPRESENTATIVE REPORTING REQUIREMENTS... 9 PART F PENALTY FOR NON-COMPLIANCE PENALTY FOR NON-COMPLIANCE PART G APPENDICES APPENDICES... 11
2 1/11 PART A OVERVIEW 1. INTRODUCTION 1.1 These guidelines serve as a guide for foreign institutions intending to establish representative offices in Malaysia. 1.2 Foreign institutions intending to establish representative offices in Malaysia must obtain the prior written approval from Bank Negara Malaysia (or the Bank ). 1.3 The representative offices of foreign institutions are not required to pay any fees to Bank Negara Malaysia for the establishment of the representative offices. 1.4 The prior written consent of the Minister of Finance is required for the representative offices to use the word bank or its equivalent or any other name prohibited under Section 15 of the Banking and Financial Institutions Act 1989 (BAFIA), in their names. 2. APPLICABILITY 2.1 These guidelines are applicable to all foreign institutions which intend to establish representative offices in Malaysia.
3 2/11 PART B LEGAL PROVISIONS 3. LEGAL PROVISIONS (Please refer to the BAFIA for the full version of the law) 3.1 Foreign institution as defined under Section 2 of the BAFIA means a person, not being a licensed institution or a scheduled institution, which carries on any business outside Malaysia, which corresponds, or is similar to the business of a licensed institution or scheduled institution such as the following business: Banking business Finance company business Merchant banking business Discount house business Money broking business Building credit business finance business Factoring business Leasing business 3.2 The establishment and maintenance of representative offices in Malaysia by foreign institutions are subject to the relevant provisions of PART III of the BAFIA. 3.3 Section 20 (1) of the BAFIA prohibits any foreign institution from establishing a representative office in Malaysia unless it has: Obtained the written approval of Bank Negara Malaysia to set up such representative office; and Complied with the requirement of Section 21(1) of the BAFIA and has obtained a written acknowledgement from Bank Negara Malaysia in respect of such compliance. 1 Merchant banking business has been expanded to include investment banking business under Section 33(1)(b) of the BAFIA.
4 3/ Section 20 (2) of the BAFIA further prohibits the foreign institution, from carrying out businesses which corresponds or is similar to the business of any licensed or scheduled institution through its representative office in Malaysia. 3.5 Section 20 (3) of the BAFIA empowers Bank Negara Malaysia to specify the activities or business that may be carried out by the representative office. 3.6 Section 21 (1) of the BAFIA requires the submission to Bank Negara Malaysia of documents and information as specified in Section 5 (1) (a) to (c) of the BAFIA. 3.7 Pursuant to Section 22 of the BAFIA, a foreign institution which is subject to Section 20 (1) of the BAFIA shall within three months after making any amendment or alteration to its constituent documents submit to Bank Negara Malaysia particulars in writing of such amendment or alteration duly verified by a statutory declaration made by a director of the institution. 3.8 Section 15(1) of the BAFIA requires the representative office to obtain the prior written consent from the Minister of Finance for any use of the word bank or any other name prohibited under the said Section in its name.
5 4/11 PART C POLICY REQUIREMENTS 4. POLICY REQUIREMENTS 4.1 Eligibility Criteria The applicant foreign institution intending to establish a representative office in Malaysia must fulfil the following criteria: The applicant is a reputable institution in the home country The applicant must receive support from its Central Bank or the home supervisory authority for the establishment of the representative office The applicant s presence in Malaysia would enhance communication with home investors and facilitate their understanding about Malaysia The applicant s presence in Malaysia would facilitate and promote trade and investment between Malaysia and the applicant s home country The establishment of the representative office in Malaysia would support the Malaysian Government s efforts on economic cooperation regionally and globally. 4.2 Permissible Activities of Representative Offices of Foreign Institutions in Malaysia The representative offices of foreign institutions in Malaysia are allowed to carry out the following activities: Establishing and maintaining contacts and relationships with the Malaysian Government departments and statutory authorities; Seeking opportunities for their respective institutions to provide and participate in the management and syndication of foreign currency international loan/bond issues to the Malaysian Government and statutory authorities;
6 5/ Identifying international project tenders issued by the Malaysian Government and/or statutory authorities and private sector companies for clients of their respective institutions and providing liaison and assistance to these clients in their bids for such projects; Maintaining and servicing correspondent relationships with local financial institutions, including arranging for correspondent bankers to attend training courses, seminars and conferences organised by their respective institutions or related corporations; Introducing local banks to clients of their respective institutions which have operations in Malaysia; Identifying Malaysian companies which require offshore financing and assisting these companies to secure such financing; Gathering and disseminating trade, economic and financial information or advice on Malaysia to overseas interests and assisting those who are keen to invest in Malaysia or trade with Malaysian concerns, and vice versa; Providing information or advice to Malaysian exporters on the market potential in countries where their respective institutions have representation and assisting in finding new markets through the services of their international offices; Introducing clients of their respective institutions to Malaysian companies with a view to establishing jointventure companies in Malaysia; Arranging and liaising the visits of personnel of their respective institutions or overseas offices and their major clients to Malaysia; Liaising in trade mission or expositions between Malaysia and home countries; and
7 6/ Serving as a point of contact and liaison for any problems or enquiries that may arise from business dealings between Malaysian companies and the offices of the foreign institution overseas In addition, the Representative Offices are allowed to perform the following functions:- Sign documents on behalf of their respective institutions or overseas offices under power of attorney; and Sit on the boards of joint-venture companies in which their respective institutions have interests. 5. STAFFING 5.1 As the representative offices are allowed to conduct only limited activities, staffing should be kept to a minimum. 5.2 Each representative office is allowed to employ only one expatriate staff at any point of time.
8 7/11 PART D APPLICATION PROCEDURES 6. APPLICATION TO ESTABLISH A REPRESENTATIVE OFFICE 6.1 A foreign institution applying to set up a representative office in Malaysia is required to complete Form BNM/RO and submit the completed form to Bank Negara Malaysia, together with the following documents: A copy of the memorandum and articles of association or other constituent documents under which the applicant is established, duly verified by a statutory declaration made by a director of the applicant; A copy of the latest audited balance sheet of the applicant; and A letter of approval from the home supervisory authority of the applicant on its proposed establishment of a representative office in Malaysia to the address below: The Director Bank Negara Malaysia P.O. Box Kuala Lumpur MALAYSIA 6.2 In addition to the above, Bank Negara Malaysia may require the applicant to submit additional documents or information deemed necessary to facilitate the assessment and processing of the application.
9 8/11 7. APPLICATION TO APPOINT AND REAPPOINT A CHIEF REPRESENTATIVE 7.1 A representative office is required to appoint a Chief Representative to manage the representative office on a full time basis. 7.2 The appointment of the Chief Representative is valid for a term of two years. 7.3 The application to appoint a Chief Representative must be accompanied by his curriculum vitae. 7.4 If the proposed Chief Representative is a non-malaysian citizen, the foreign institution or the representative office is also required to complete Form BNM/Expat and submit the completed form to Bank Negara Malaysia. This form is to facilitate the issuance of a work permit by the Malaysian Immigration.
10 9/11 PART E REPORTING REQUIREMENTS 8. REPORTING REQUIREMENTS 8.1 The representative office is required to submit to Bank Negara Malaysia the following documents: A semi-annual report which summarises the activities undertaken by the representative office, including information on credit facilities granted by the foreign institution or its related institutions to Malaysian borrowers. Such report, for the period ended 30 June and 31 December of each year should be submitted within 14 days from the reporting dates. A nil return should be submitted in the event that there are no activities A copy of the foreign institution s annual report within one month after publication.
11 10/11 PART F PENALTY FOR NON-COMPLIANCE 9. PENALTY FOR NON-COMPLIANCE Contravention of Sections 15, 19, 20, 21 and 22 of the BAFIA would render a person liable upon conviction, to a fine or imprisonment or both as specified in the Fourth Schedule pursuant to Section 103 of the BAFIA.
12 11/11 PART G APPENDICES 10. APPENDICES 10.1 Appendix 1 Form BNM/RO 10.1 Appendix 2 Form BNM/Expat
GUIDELINES FOR INVESTMENT ADVISERS AND INVESTMENT REPRESENTATIVES UNDER THE SECURITIES INDUSTRY ACT 1983
GUIDELINES FOR INVESTMENT ADVISERS AND INVESTMENT REPRESENTATIVES UNDER THE SECURITIES INDUSTRY ACT 1983 Date Issued: 4 March 2004 1 GUIDELINES FOR INVESTMENT ADVISERS AND INVESTMENT REPRESENTATIVES UNDER
More informationGUIDELINES FOR THE ESTABLISHMENT OF FOREIGN FUND MANAGEMENT COMPANIES
GUIDELINES FOR THE ESTABLISHMENT OF FOREIGN FUND MANAGEMENT COMPANIES Revised 1 July 2000 Introduction Under the Securities Commission Act 1993, one of the functions of the Securities Commission (SC) is
More informationTelemedicine 1 LAWS OF MALAYSIA REPRINT. Act 564 TELEMEDICINE ACT 1997. Incorporating all amendments up to 1 January 2006
Telemedicine 1 LAWS OF MALAYSIA REPRINT Act 564 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT
More informationHow To Get A Health Care Travel Incentive In Malaysia
PH (23.03.2015) www.mida.gov.my II. GUIDELINES APPLICATION FOR TAX INCENTIVE FOR THE PROMOTION OF HEALTHCARE TRAVEL I. NEW PRIVATE HEALTHCARE FACILITY EXPANSION / MODERNISATION / REFURBISHMENT OF AN EXISTING
More informationGuidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations SC-GL/3-2015
Guidelines on the Registration of Venture Capital and Private Equity Corporations and Management Corporations SC-GL/3-2015 1 ST ISSUED: 9 MARCH 2015 0 CONTENTS PART A: GENERAL... 1 Chapter 1: INTRODUCTION...
More informationPART A OVERVIEW... 1 1. INTRODUCTION... 1 2. APPLICABILITY... 2 3. LEGAL PROVISIONS... 3 4. SCOPE... 3 5. DEFINITIONS... 4
PART A OVERVIEW... 1 1. INTRODUCTION... 1 2. APPLICABILITY... 2 3. LEGAL PROVISIONS... 3 4. SCOPE... 3 5. DEFINITIONS... 4 PART B POLICY REQUIREMENTS... 5 6. SCOPE OF ACTIVITIES BY REGISTERED PERSONS...
More informationFOR FINANCE LEASING INSTITUTIONS
OPERATING GUIDELINES FOR FINANCE LEASING INSTITUTIONS BANKING SUPERVISION DEPARTMENT BANK OF SIERRA LEONE FREETOWN JANUARY 2011 Table of Content No. Heading Page 1 Authority 1 2 Definition 1 3 Application
More informationACCReDITATION COuNCIL OF TRINIDAD AND TOBAGO ACT
ACCReDITATION COuNCIL OF TRINIDAD AND TOBAGO ACT ChAPTeR 39:06 Act 16 of 2004 Amended by 16 of 2007 10 of 2008 Current Authorised Pages Pages Authorised (inclusive) by 1 8.. 9 16.. 17 19.. 2 Chap. 39:06
More informationIt should also be noted that auditors are licensed by the Ministry of Finance, not MIA. Page 1 of 10
This attachment to The Malaysian Institute of Certified Public Accountants response to the IFAC Member Body Compliance Program questionnaire, Assessment of the Regulatory and Standard-Setting Framework,
More informationWITHDRAWAL TO PURCHASE A HOUSE
TTHHEE EEMMPPLLOOYYEEEESS PPRROOVVI IDDEENNTT FFUUNNDD WITHDRAWAL TO PURCHASE A HOUSE PURPOSE This withdrawal allows you to withdraw your Account 2 savings to finance the purchase of a house. Withdrawal
More informationGuidance Notes on Sell and Buy Back Agreement
Buy Back Agreement Issued on: 28 June 2013 1/14 PART A: OVERVIEW... 2 1. FOREWORD... 2 2. Purpose... 3 3. Coverage... 3 4. Definition... 4 5. Interpretation... 5 PART B: POLICY REQUIREMENTS... 7 6. Mechanics
More informationINFORMATION ON CUSTOMER COMPANY
INFORMATION ON CUSTOMER COMPANY 1 st Floor, The Exchange, 18 Cybercity, Ebene, Mauritius Telephone: - (230) 454 3200 Facsimile: + (230) 454 3202 Date Customer type GBL1 GBL2 Trust Kindly read attached
More informationWITHDRAWAL TO PURCHASE A HOUSE
THE EMPLOYEES PROVIDENT FUND WITHDRAWAL TO PURCHASE A HOUSE PURPOSE This withdrawal allows you to withdraw from your Account 2 savings to finance the purchase of a house. Withdrawal to purchase a second
More informationGUIDELINES ON TAKAFUL AND INSURANCE BENEFITS PROTECTION SYSTEM: SUBMISSION OF RETURNS ON CALCULATION OF PREMIUMS FOR TAKAFUL AND INSURANCE BUSINESSES
GUIDELINES ON TAKAFUL AND INSURANCE BENEFITS PROTECTION SYSTEM: SUBMISSION OF RETURNS ON CALCULATION OF PREMIUMS FOR TAKAFUL AND INSURANCE BUSINESSES ISSUE DATE : 9 MARCH 2015 TABLE OF CONTENTS PART A:
More informationEntertainment Industry Accreditation Application
OFFICE USE ONLY Client no.: Date received: / / Application no.: INZ 1197 Entertainment Industry Accreditation Application Under Specific Purpose or Event Instructions Entertainment industry accreditation
More information1. Why did MICPA and ACCA enter into this agreement?
ACCA to MICPA FAQs 1. Why did MICPA and ACCA enter into this agreement? This Mutual Recognition Agreement (MRA) strengthens the already excellent relationship between the two bodies. It provides a route
More informationChapter 2. Companies Legislations
Chapter 2 Companies Legislations 2.1 The principal legislations in Malaysia are as follows:- Registration of Businesses Act 1956; Partnership Act 1961; The Companies Act, 1965 governs the establishment
More informationBursa Malaysia - IPO Overview
Bursa Malaysia - IPO Overview Main Market Listing on the Main Market of Bursa Malaysia ( Main Market ) is for established companies with a track record. 1. Regulatory Background 1.1 Overview of Regulatory
More informationCentral Bank of Malaysia 1 LAWS OF MALAYSIA. Act 701
Central Bank of Malaysia 1 LAWS OF MALAYSIA Act 701 CENTRAL BANK OF MALAYSIA ACT 2009 2 Laws of Malaysia ACT 701 Date of Royal Assent...... 19 August 2009 Date of publication in the Gazette......... 3
More informationEmployer Accreditation Application
OFFICE USE ONLY Client no.: Date received: / / Application no.: December 2015 INZ 1090 Employer Accreditation Application Under Talent (Accredited Employers) Work Instructions Information for employers
More informationGUIDEBOOK. PHEI Management Sector GETTING STARTED : ESTABLISHING AND OPERATING PRIVATE HIGHER EDUCATION INSTITUTION (PHEI) BUSINESS IN MALAYSIA
GUIDEBOOK PHEI Management Sector GETTING STARTED : ESTABLISHING AND OPERATING PRIVATE HIGHER EDUCATION INSTITUTION (PHEI) BUSINESS IN MALAYSIA TABLE OF CONTENTS Page Introduction 5 Stages of Approvals
More informationGUIDELINE ON THE ACQUISITION OF PROPERTIES
GUIDELINE ON THE ACQUISITION OF PROPERTIES (Effective 1 March 2014) Economic Planning Unit, Prime Minister s Department CONTENTS I. INTRODUCTION... 1 II. APPLICATIONS... 1 III. CONDITIONS FOR ACQUISITION...
More informationApplication for Approval of Overseas Inspection Agency for Pressure Vessels
Occupational Safety and Health Division 18 Havelock Road #03-02 Singapore 059764 Tel: 64385122 www.mom.gov.sg mom_oshd@mom.gov.sg Application for Approval of Overseas Inspection Agency for Pressure Vessels
More informationThe adjudication fee is abolished with effect from 1 January 2009.
C2 STAMP DUTY STAMP DUTY RATES Stamp duty is chargeable on certain instruments and documents. The rate of duty varies according to the nature of the instruments/documents and transacted values. Exemption
More informationREPUBLIC OF TRINIDAD AND TOBAGO. Act No. 16 of 2004
Legal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 43, No. 102, 17th June, 2004 Legal Supplement Part A to the Trinidad and Tobago Second Session Eighth Parliament Republic of Trinidad and
More informationPart 1 of Schedule 1 of IFSA
Submission Requirements for Application for Approval to Operate a Payment System or to Issue a Designated Payment Instrument or to be Registered to Provide Merchant Acquiring Services A. BACKGROUND With
More informationTHE BANKS AND TRUST COMPANIES REGULATION ACT (CHAPTER 316) THE BANKS AND TRUST COMPANIES (PRIVATE TRUST COMPANIES) REGULATIONS, 2007
THE BANKS AND TRUST COMPANIES REGULATION ACT (CHAPTER 316) THE BANKS AND TRUST COMPANIES (PRIVATE TRUST COMPANIES) REGULATIONS, 2007 The Governor of the Central Bank of The Bahamas in exercise of the powers
More informationHow To Become A Director Of A Company
Company Directors' Responsibilities CONTENTS Company Directors' Responsibilities 2 Disqualification 4 The Powers And Duties Of Company Directors 6 Basic Statutory Obligations Of A Company Under The Companies
More informationPRESENTATION ON THE CHARTERED ACCOUNTANTS ACT, 1963 (ACT 170)
PRESENTATION ON THE CHARTERED ACCOUNTANTS ACT, 1963 (ACT 170) Purpose of Act 170 The purpose of Act 170 is to establish an Institute of Chartered Accountants and to make provision for the conduct of examinations
More informationPRIVATE HIGHER EDUCATIONAL INSTITUTIONS ACT
LAWS OF MALAYSIA ONLINE VERSION OF UPDATED TEXT OF REPRINT Act 555 PRIVATE HIGHER EDUCATIONAL INSTITUTIONS ACT 1996 As at 1 November 2012 2 PRIVATE HIGHER EDUCATIONAL INSTITUTIONS ACT 1996 Date of Royal
More informationDECISION NO (94/R) OF 2005 CONCERNING THE LISTING OF DEBT SECURITIES
DECISION NO (94/R) OF 2005 CONCERNING THE LISTING OF DEBT SECURITIES The Chairman of the Board of Directors of the Stocks and Commodities Authority has, After pursuing the provisions of Federal Law No.
More informationmeans currency other than Jamaican currency and includes foreign currency instruments as defined in the Act.
APPROVAL NO. APPROVAL IS HEREBY GRANTED to xxxxxxxxxx by the Bank of Jamaica acting on behalf of the Minister of Finance and the Public Service pursuant to the provisions of the Bank of Jamaica Act, to
More informationBoard Meeting No. 57/96 Resolution No. 6/96
LISTING RESOLUTIONS 1- Board of Director s Resolution No. (6) of 1996, issued at the meeting No. (57) dated 26/6/1996 regarding the general rules for listing local and foreign bonds at the Bahrain Stock
More informationIslamic fund management company
Investor guide to Islamic Finance in Malaysia Islamic fund management company MIFC Introduction Islamic Fund Management Companies (IFMC) are foreign Islamic fund managers that are licensed by the Securities
More informationPROTECTED AREAS AND PROTECTED PLACES ACT 1959
LAWS OF MALAYSIA REPRINT Act 298 PROTECTED AREAS AND PROTECTED PLACES ACT 1959 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY
More informationGUIDELINES ON COMPLIANCE FUNCTION FOR FUND MANAGEMENT COMPANIES
GUIDELINES ON COMPLIANCE FUNCTION FOR FUND MANAGEMENT COMPANIES Issued: 15 March 2005 Revised: 25 April 2014 1 P a g e List of Revision Revision Effective Date 1 st Revision 23 May 2011 2 nd Revision 16
More informationFinansinspektionen's Regulations
Finansinspektionen's Regulations Publisher: Gent Jansson, Finansinspektionen, Box 6750, 113 85 Stockholm. Ordering address: Thomson Fakta AB, Box 6430, 113 82 Stockholm. Tel +46 8-587 671 00, Fax +46 8-587
More informationApplication for Status as a Registered Bank:
Application for Status as a Registered Bank: Material to be provided to the Reserve Bank Prudential Supervision Department Document Issued: Introduction 2 1. This release identifies the information which
More informationBank Finance and Regulation Survey. MALAYSIA Skrine
Bank Finance and Regulation Survey MALAYSIA Skrine CONTACT INFORMATION Skrine Unit No. 50-8-1, 8 th Floor Wisma UOA Damansara 50 Jalan Dungun Damansara Heights 50490 Kuala Lumpur, Malaysia 60.3.2081.3999
More informationLAW ON STATE AUDIT I. GENERAL PROVISIONS
LAW ON STATE AUDIT I. GENERAL PROVISIONS Article 1 This Law shall define the terms and manner for performing state audit of public expenditures, financial reports and financial transactions and other questions
More informationSTATUTORY INSTRUMENTS 2012 No. _
STATUTORY INSTRUMENTS 2012 No. _ THE ELECTRONIC SIGNATURES REGULATIONS 2012 ARRANGEMENT OF REGULATIONS Regulation PART I-PRELIMINARY 1. Title. 2. Interpretation PART II - LICENSING AND RECOGNITION OF CERTIFICATION
More informationLabuan Limited Partnerships and Limited Liability Partnerships
Labuan Limited Partnerships and Limited Liability Partnerships 1 laws OF MALAYSIA Act 707 LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010 2 Laws of Malaysia Act 707 Date of Royal
More informationThe Mortgage Brokerages and Mortgage Administrators Act
MORTGAGE BROKERAGES AND 1 The Mortgage Brokerages and Mortgage Administrators Act being Chapter M-20.1* of The Statutes of Saskatchewan, 2007 (effective October 1, 2010), as amended by the Statutes of
More informationINLAND REVENUE BOARD OF MALAYSIA
TAXATION OF PUBLIC RULING NO. 5/2015 Translation from the original Bahasa Malaysia text DATE OF PUBLICATION: 14 AUGUST 2015 Published by Inland Revenue Board of Malaysia Second edition First edition on
More informationMedical Assistants (Registration) 1 LAWS OF MALAYSIA REPRINT. Act 180 MEDICAL ASSISTANTS (REGISTRATION) ACT 1977
Medical Assistants (Registration) 1 LAWS OF MALAYSIA REPRINT Act 180 MEDICAL ASSISTANTS (REGISTRATION) ACT 1977 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION,
More informationA GUIDE TO THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE
A GUIDE TO THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE Issued by THE REGISTRAR OF OCCUPATIONAL RETIREMENT SCHEMES Level 16, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. ORS/C/5
More informationGuidelines for the Issue of Structured Warrants. (Amended as at October 2006)
Guidelines for the Issue of Structured Warrants (Amended as at October 2006) 1.0 APPLICATION OF GUIDELINES 1.01 The Guidelines for the Issue of Structured Warrants sets out the requirements for the issue
More information444 OFFSHORE INSURANCE ACT
LAWS OF MALAYSIA REPRINT Act 444 OFFSHORE INSURANCE ACT 1990 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY OF THE REVISION
More informationINLAND REVENUE BOARD OF MALAYSIA
TAXATION OF PUBLIC RULING NO. 3/2014 Translation from the original Bahasa Malaysia text DATE OF PUBLICATION: 9 MAY 2014 Published by Inland Revenue Board of Malaysia Published on 9 May 2014 First edition
More informationCHAPTER 11 MONEY BROKERS
CHAPTER 11 MONEY BROKERS Introduction 11.1 The MA, pursuant to section 118C(7) of the Ordinance, has issued a Guideline on Approval and Revocation of Approval of Money Brokers (the Guideline) which describes
More informationMALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES
MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES Accounting, Auditing and Taxation Services 1 Introduction This booklet is one of a series of 20 booklets prepared
More informationNote The amendments described in this circular will be published in the Immigration New Zealand Operational Manual in due course.
21 July 2015 IMMIGRATION NEW ZEALAND INSTRUCTIONS: Amendment Circular No. 2015/07 To: All Manual Holders AMENDMENTS TO THE IMMIGRATION NEW ZEALAND OPERATIONAL MANUAL Introduction This circular outlines
More informationREPUBLIC OF KENYA DEPARTMENT OF INSURANCE. FORM NO. INS. 30-1 FIRST SCHEDULE (SS.30 & 188(2) and rr.5 & 48)
REPUBLIC OF KENYA DEPARTMENT OF INSURANCE FORM NO. INS. 30-1 FIRST SCHEDULE (SS.30 & 188(2) and rr.5 & 48) All amounts in Kenya shillings APPLICATION FOR REGISTRATION/*RENEWALS OF REGISTRATION OF AN INSURER
More informationPolicy Statement: Licensing Policy in respect of those activities that require a permit under the Insurance Business (Jersey) Law 1996
Policy Statement: Licensing Policy in respect of those activities that require a permit under the Insurance Business (Jersey) Law 1996 Issued: 11 February 2011 Glossary of terms: The following table provides
More informationAPPLICATION PROCEDURES AND REQUIREMENTS FOR SPECIALIST ASSESSMENT
APPLICATION PROCEDURES AND REQUIREMENTS FOR SPECIALIST ASSESSMENT Australian Medical Council The purpose of the Australian Medical Council is to ensure that standards of education, training and assessment
More informationAsia Market Intelligence Malaysia
Asia Market Intelligence Malaysia Presence HSBC s presence in Malaysia dates back more than 120 years, when The Hongkong and Shanghai Banking Corporation Limited established its first branch in the country
More informationAdministration of the Act
Administration of the Act Administration of the Act Legislation The insurance industry in Malaysia is governed by the Insurance Act 1996 (Act) which came into force on 1 January 1997. The Act is supplemented
More informationCONSULTATION PAPER P008-2013 Sepember 2013. Draft Amendments to Credit Cards and Unsecured Credit Rules
CONSULTATION PAPER P008-2013 Sepember 2013 Draft Amendments to Credit Cards and Unsecured Credit Rules PREFACE i On 21 December 2012, MAS issued a consultation paper on proposed changes to MAS rules on
More informationLAWS OF MALAYSIA. Act 564
LAWS OF MALAYSIA Act 564 TELEMEDICINE ACT 1997 LAWS OF MALAYSIA Act 564 TELEMEDICINE ACT 1997 ARRANGEMENT OF SECTIONS Section 1. Short title and commencement. 2. Interpretation. 3. Persons who may practise
More informationANTIGUA AND BARBUDA THE SMALL BUSINESS DEVELOPMENT ACT, 2007. No. of 2007
ANTIGUA AND BARBUDA THE SMALL BUSINESS DEVELOPMENT ACT, 2007 No. of 2007 The Small Business Development Act, 2007 No. of 2007 THE SMALL BUSINESS DEVELOPMENT ACT, 2007 ARRANGEMENT Sections 1. Short title.
More informationCHAPTER 267. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:
CHAPTER 267 AN ACT concerning third party administrators of health benefits plans and third party billing services and supplementing Title 17B of the New Jersey Statutes. BE IT ENACTED by the Senate and
More informationMinistry of Labour and Social Policy LAW ON VOLUNTARY FULLY FUNDED PENSION INSURANCE (189347.11)
Ministry of Labour and Social Policy LAW ON VOLUNTARY FULLY FUNDED PENSION INSURANCE 1 Table of Contents CHAPTER 1 GENERAL PROVISIONS... 3 CHAPTER 2 VOLUNTARY PENSION FUNDS... 7 CHAPTER 3 PENSION COMPANIES
More informationDraft Maritime Labour Certificate and Declaration of Compliance Regulations, 2015
Transport, Department of/ Vervoer, Departement van 917 Merchant Shipping Act (57/1951): Draft Maritime Labour Certificate and Declaration of Compliance Regulations, 2015 39253 STAATSKOERANT, 2 OKTOBER
More informationNON-RESIDENT INSURANCE UNDERTAKINGS ACT 1 9 6 7 BERMUDA 1967 : 75 NON-RESIDENT INSURANCE UNDERTAKINGS ACT 1967 ARRANGEMENT OF SECTIONS
BERMUDA 1967 : 75 NON-RESIDENT INSURANCE UNDERTAKINGS ACT 1967 ARRANGEMENT OF SECTIONS 1 Interpretation 2 Permit to carry on business 3 Grant of permit 4 Accountant-General may grant relief 5 Revocation
More informationClause 1. Definitions and Interpretation
[Standard data protection [agreement/clauses] for the transfer of Personal Data from the University of Edinburgh (as Data Controller) to a Data Processor within the European Economic Area ] In this Agreement:-
More informationHALOGEN SOFTWARE INC. AUDIT COMMITTEE CHARTER. oversee the qualifications and independence of the independent auditor;
HALOGEN SOFTWARE INC. AUDIT COMMITTEE CHARTER PURPOSE The Audit Committee is a standing committee appointed by the Board of Directors of Halogen Software Inc. The Committee is established to fulfill applicable
More informationSecurities Trading Policy. Keybridge Capital Limited ACN 088 267 190 (Keybridge)
` Securities Trading Policy Keybridge Capital Limited ACN 088 267 190 (Keybridge) Securities Trading Policy 1. Introduction 1.1 This Policy outlines: when directors, senior management and other employees
More informationINSIDER TRADING POLICY
1.0 POLICY STATEMENT INSIDER TRADING POLICY This Policy provides guidelines to officers, directors and employees of Dominion Diamond Corporation (the Company ) and other insiders of the Company with respect
More informationMAURITIUS FINANCIAL SERVICES ACT, 2007. (as amended, 2010) ARRANGEMENT OF SECTIONS PART I PRELIMINARY PART II THE FINANCIAL SERVICES COMMISSION
MAURITIUS FINANCIAL SERVICES ACT, 2007 (as amended, 2010) ARRANGEMENT OF SECTIONS PART I PRELIMINARY 1. Short title 2. Interpretation 3. Establishment of Commission 4. The Board 5. Objects of Commission
More informationListing and Admission to Trading Rules for. Short Term Paper. Release 2
Listing and Admission to Trading Rules for Short Term Paper Release 2 14 April 2014 Scope These Listing and Admission to Trading Rules ( Rules ) relate to the Listing and admission to trading on the Main
More informationGUIDELINES FOR OIL AND GAS INSURANCE BUSINESS ISSUED BY THE NATIONAL INSURANCE COMMISSION, ABUJA NIGERIA
GUIDELINES FOR OIL AND GAS INSURANCE BUSINESS ISSUED BY THE NATIONAL INSURANCE COMMISSION, ABUJA NIGERIA PURSUANT TO THE PROVISIONS OF THE INSURANCE ACT 2003 AND THE NATIONAL INSURANCE COMMISSION ACT I997
More informationINVESTMENT FUNDS ACT 2006 BERMUDA 2006 : 37 INVESTMENT FUNDS ACT 2006
BERMUDA 2006 : 37 INVESTMENT FUNDS ACT 2006 Date of Assent: 28 December 2006 Operative Date: 7 March 2007 ARRANGEMENT OF PARAGRAPHS PART I PRELIMINARY 1 Short title and commencement Interpretation 2 Interpretation
More informationGUIDELINES ON DEALINGS IN UNLISTED DEBT SECURITIES BY UNIVERSAL BROKERS
GUIDELINES ON DEALINGS IN UNLISTED DEBT SECURITIES BY UNIVERSAL BROKERS 1. INTRODUCTION 1.1 These Guidelines seek to provide guidance to universal brokers as to the various rules, codes and criteria which
More informationGuidelines on Investment in Shares, Interest-in-Shares and Collective Investment Schemes
Interest-in-Shares and Collective BNM/RH/GL 001-30 Prudential Financial Policy Department PART A INTRODUCTION AND OVERVIEW... 1 1. Overview of the Guidelines... 1 2. Definitions... 1 3. Legal Enforceability
More informationInternational Hiring Checklist
International Hiring Checklist This checklist is intended to provide guidance on issues departments should consider when planning for hiring overseas. Because there are foreign tax and legal implications
More informationStatutory Bodies (Accounts and Annual Reports) 1 LAWS OF MALAYSIA REPRINT. Act 240 STATUTORY BODIES (ACCOUNTS AND ANNUAL REPORTS) ACT 1980
Statutory Bodies (Accounts and Annual Reports) 1 LAWS OF MALAYSIA REPRINT Act 240 STATUTORY BODIES (ACCOUNTS AND ANNUAL REPORTS) ACT 1980 Incorporating all amendments up to 1 January 2006 PUBLISHED BY
More informationDrinking Water Quality Management Plan Review and Audit Guideline
Drinking Water Quality Management Plan Review and Audit Guideline This publication has been compiled by Queensland Water Supply Regulator, Department of Energy and Water Supply. State of Queensland, 2013.
More informationMALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES
MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES Introduction This booklet is one of a series of 21 booklets prepared by MIDA for the purpose of providing investors
More informationConsultation Paper on Proposed Credit Bureau Regulatory Framework and Credit Bureau Bill
CONSULTATION PAPER ON PROPOSED CREDIT BUREAU REGULATORY FRAMEWORK AND AUG 2014 CREDIT BUREAU BILL CONSULTATION PAPER P006-2014 August 2014 Consultation Paper on Proposed Credit Bureau Regulatory Framework
More informationLoan Guarantee LAWS OF MALAYSIA REPRINT. Act 412 LOAN GUARANTEE ACT 1963
Loan Guarantee 1 REPRINT LOAN GUARANTEE ACT 1963 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT
More information(Official Gazette of the Republic of Macedonia, No. 63/2000, 29/2002, 43/2002, 49/2003 and 81/2008) LAW ON DEPOSIT INSURANCE FUND
(Official Gazette of the Republic of Macedonia, No. 63/2000, 29/2002, 43/2002, 49/2003 and 81/2008) LAW ON DEPOSIT INSURANCE FUND 1. GENERAL PROVISIONS Article 1 This Law shall regulate the establishment
More informationTRADE CREDIT INSURANCE (EXPORT/ IMPORT/DOMESTIC)
FORM TRADE CREDIT INSURANCE (EXPORT/ IMPORT/DOMESTIC) For Bank s Use Only : ITEM DATE NAME OF APPLICANT Received Acknowledgement BDC Export FIIC FACILITY Domestic BCC Import BOD 1.0 PROFILE 1.1 DETAILS
More informationLAWS OF MALAYSIA. Act 680 ELECTRONIC GOVERNMENT ACTIVITIES ACT 2007 ARRANGEMENT OF SECTIONS PART I PRELIMINARY PART II
LAWS OF MALAYSIA Act 680 ELECTRONIC GOVERNMENT ACTIVITIES ACT 2007 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title and commencement 2. Application 3. Use not mandatory 4. Reference to
More informationMALAYSIA: INVESTMENT IN THE SERVICES SECTOR MARKET RESEARCH SERVICES
MALAYSIA: INVESTMENT IN THE SERVICES SECTOR MARKET RESEARCH SERVICES Market Research Services 1 Introduction This booklet is one of a series of 20 booklets prepared by MIDA for the purpose of providing
More informationGUIDE TO INCORPORATING COMPANIES
GUIDE TO INCORPORATING COMPANIES IRELAND CURRENCY Euro ( ). EXCHANGE CONTROL There is no exchange control in Ireland. There are, however, certain other restrictions which should be noted. Pursuant to the
More informationDIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN OFFERING CIRCULAR
DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN OFFERING CIRCULAR December 18, 2013 Shareholders should read carefully the entire Offering Circular before making any decision regarding the Dividend Reinvestment
More informationIssues Relating To Organizational Forms And Taxation. MALAYSIA Skrine
Issues Relating To Organizational Forms And Taxation MALAYSIA Skrine CONTACT INFORMATION Harold Tan Kok Leng Skrine Unit 50-8-1, 8th Floor Wisma UOA Damansara 50 Jalan Dungun Damansara Heights 50490 Kuala
More informationInsolvency INSOLVENCY PRACTITIONER REGULATIONS 2014
Insolvency Legislation made under s. 486. 2011-26 (LN. ) Commencement 1.11.2014 Amending enactments Relevant current provisions Commencement date LN. 2015/133 rr. 9, 22 20.8.2015 Regulation 1. Title and
More informationGuide to Council Building Fire Safety Committees Draft February 2001
Development Act 1993 Guide to Council Building Fire Safety Committees Draft February 2001 Planning SA Government of South Australia Guide to Council Building Fire Safety Committees Draft February 2001
More informationLegal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 46, No. 23, 7th February, 2007
Legal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 46, No. 23, 7th February, 2007 Fifth Session Eighth Parliament Republic of Trinidad and Tobago REPUBLIC OF TRINIDAD AND TOBAGO Act No. 1
More informationLegal Business. Memorandum On Members Voluntary Winding-Up Of A Company In Singapore
Memoranda on legal and business issues and concerns for multiple industry and business communities Memorandum On Members Voluntary Winding-Up Of A Company In Singapore 1 Rajah & Tann 4 Battery Road #26-01
More informationForeign Exchange Act, 2006 Act 723
Foreign Exchange Act, 2006 Act 723 Section ARRANGEMENT OF SECTIONS Authority of Bank of Ghana and licensing 1. Authority of Bank of Ghana 2. Responsibility of Bank of Ghana 3. Requirement of licence 4.
More informationAN BILLE UM CHOMHAIRLEOIRÍ BAINISTITHE FIACHAIS A RIALÁIL, 2011 REGULATION OF DEBT MANAGEMENT ADVISORS BILL 2011. Mar a tionscnaíodh As initiated
AN BILLE UM CHOMHAIRLEOIRÍ BAINISTITHE FIACHAIS A RIALÁIL, 2011 REGULATION OF DEBT MANAGEMENT ADVISORS BILL 2011 Mar a tionscnaíodh As initiated ARRANGEMENT OF SECTIONS PART 1 Preliminary and General Section
More informationFOREIGN INVESTMENT COMMITTEE
FOREIGN INVESTMENT COMMITTEE GUIDELINE ON THE ACQUISITION OF INTERESTS, MERGERS AND TAKE-OVERS BY LOCAL AND FOREIGN INTERESTS Economic Planning Unit, Prime Minister s Department CONTENTS I. INTRODUCTION...
More informationEXCHANGE CONTROL ACT B.E. 2485
Unofficial Translation This translation is for the convenience of those unfamiliar with the Thai language. Please refer to the Thai text for the official version. ----------------------------------------------
More informationChapter one: Definitions. Chapter Two: Conditions for Employment
FOREIIGN WORKERS ((Prrohiibiittiion off unllawffull emplloymentt and assurrance off ffaiirr condiittiions)) LAW,, 5751--1991 Chapter one: Definitions 1. In this law - Foreign worker - worker who is not
More informationApplication for a Banking Authority Foreign Bank Branches Prudential Statement J2
Application for a Banking Authority Foreign Bank Branches Prudential Statement J2 PS J2 Introduction 1. A foreign bank wishing to operate as a branch in Australia must obtain a banking authority issued
More informationCHAPTER I. GENERAL PROVISIONS
Disclaimer: The following English version of the Trade Insurance Act is for reference purposes only. The Korean language version shall be binding and enforceable on all parties at all times. In no event
More informationTHE CREDIT REPORTING BILL, 2013 MEMORANDUM
THE CREDIT REPORTING BILL, 2013 MEMORANDUM The objects of this Bill are to- (a) (b) (c) (d) (e) enable credit information sharing and reporting; provide for the regulation of the conduct of credit reporting
More informationGUIDELINES FOR FINANCE COMPANIES OTHER FINANCIAL INSTITUTIONS DEPARTMENT CENTRAL BANK OF NIGERIA LAGOS
GUIDELINES FOR FINANCE COMPANIES OTHER FINANCIAL INSTITUTIONS DEPARTMENT CENTRAL BANK OF NIGERIA LAGOS SEPTEMBER, 2002 TABLE OF CONTENTS 1. Introduction... 1 2. Application for Licence...... 2 3. Financial
More information