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Banking and Financial Institutions Act – Act 372 (1989, 2006)

An Act to provide new laws for the licensing and regulation of institutions carrying on banking, finance company, merchant banking, discount house and money-broking businesses, for the regulation of institutions carrying on certain other financial businesses, and for matters incidental thereto or connected therewith.

The Act contains 16 Parts, 131 Sections and four Schedules. The Parts are the following:

  1. Preliminary
  2. Licensing of Banking, Finance Company, Merchant Banking, Discount House and Money-Broking Businesses
  3. Scheduled Businesses and Representative Offices
  4. Restrictions Relating to Acceptance and Solicitation of, Advertisement for, and Inducement to Make Deposits
  5.  Subsidiaries and Offices of Licensed Institutions
  6. Restrictions on Dealings of Licensed Institutions
  7. Financial Requirements and Duties of Licensed Institutions
  8. Ownership, Control and Management of Licensed Institutions
  9. Restrictions on Business of Licensed Institutions
  10. Powers of Supervision and Control over Licensed Institutions
  11. Investigation, Search and Seizure
  12. Application of Parts X and XI to Non-Scheduled Institutions Engaged in Provision of Finance
  13. Information and Secrecy
  14. Offences
  15. General Provisions
  16. Amendment, Repeal and Transitional Provisions

Malaysia-Banking and Financial Institutions Act-1989-2006-eng (full text in English, PDF)

Malaysia-Banking and Financial Institutions Act-1989-2006-zlm (full text in Malay, PDF)

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