Financial Services Act 2013 Explained

Short Title:Financial Services Act 2013
Legislature:Parliament of Malaysia
Long Title: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
Date Passed:27 November 2012
Enacted By2:Dewan Negara
Date Passed2:19 December 2012
Royal Assent:18 March 2013
Date Commenced:22 March 2013
Date Effective:[30 June 2013, P.U. (B) 276/2013;<ref>{{cite web|title=Financial Services Act 2013: Appointment of Date Coming into Operation|url=http://www.federalgazette.agc.gov.my/outputp/pub_20130628_P.U.%20(B)%20276_WARTA%20(FSA)%20Penetapan%20Tarikh%20Kuat%20Kuasa.pdf|publisher=Attorney General's Chamber of Malaysia|accessdate=26 July 2016}}</ref><br>s.129 and Schedule 9–1 January 2015, P.U. (B) 552/2014<ref>{{cite web|title=Financial Services Act 2013: Appointment of Date Coming into Operation|url=http://www.federalgazette.agc.gov.my/outputp/pub_20141226_P.U.%20(B)%20552-%20Penetapan%20Tarikh%20Kuat%20Kuasa%20Akta%20(FSA).pdf|publisher=Attorney General's Chamber of Malaysia|accessdate=26 July 2016}}</ref>]
Bill:Financial Services Bill 2012
Bill Citation:D.R. 40/2012
Introduced By:Awang Adek Hussin, Deputy Minister of Finance
1St Reading:22 November 2012
2Nd Reading:27 November 2012
3Rd Reading:27 November 2012
Bill2:Financial Services Bill 2012
Bill Citation2:D.R. 40/2012
Introduced By2:Awang Adek Hussin, Deputy Minister of Finance
1St Reading2:3 December 2012
2Nd Reading2:18 December 2012
3Rd Reading2:19 December 2012
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).

External links