Foreign Exchange Administration Rules Malaysia 2016

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Foreign exchange administration rules malaysia 2016. Pursuant to the foreign exchange administration fea rules issued by bank negara malaysia bnm. Effective 5 december 2016 bank negara malaysia bnm announced additional new measures in respect of notices on foreign exchange administration fea rules 1 that affect foreign currency transactions in malaysia which may apply to the foreign currency transactions that you make to family friends or business partners overseas and within malaysia. 60 3 2698 8044 extensions. You are advised to get the full and latest fea rules from bank negara malaysia nm s website at https bnm my fea.

In 2013 bank negara malaysia had issued notices 2013 notices on foreign exchange administration rules fea rules so as to continue to support and enhance the competitiveness of the economy through the creation of a more supportive and facilitative environment for trade business and investment activities. Malaysia issues new foreign exchange rules december 6th 2016 malaysia financial regulation. Foreign exchange administration fea rules. On 2 december 2016 malaysia s central bank bank negara malaysia bnm issued a supplementary notice on foreign exchange administration rules supplementary notice the supplementary notice.

Notice 4 payments bnm s notices on foreign exchange administration rules dated 28 june 2013 source. New foreign exchange regulations came into effect on december 5th. They were first announced by bank negara malaysia bnm the central bank on december 2nd and are intended to help to shore up foreign exchange reserves. Foreign exchange administration fea rules bank negara malaysia bnm had on 2 december 2016 issued the supplementary notice on fea rules which has come into effect on 5 december 2016.

Notice 3 investment in foreign currency asset bnm s notices on foreign exchange administration rules. Further facilitate foreign exchange risk management. Application forms for approvals and registrations related to foreign exchange policy matters can be submitted online through this website. Contact details for enquiries on issues relating to online submission of application.

Foreign exchange administration fea rules. A resident individual or entity group of entity with domestic ringgit borrowing status are permitted to invest in foreign currency fcy asset with the following sources and limits.