Banking and Financial Institutions Act 1989

Legal Definition of Banking and Financial Institutions Act 1989

Abbreviations

1. BAFIA

Further reading

Banking and Financial Institutions Act 1989 (BAFIA) is an act in Malaysia 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.

ARRANGEMENT OF SECTIONS

PART I

PRELIMINARY

PART II

LICENSING OF BANKING, FINANCE COMPANY, MERCHANT BANKING, DISCOUNT HOUSE AND MONEY-BROKING BUSINESSES

PART III

SCHEDULED BUSINESSES AND REPRESENTATIVE OFFICES

PART IV

RESTRICTIONS RELATING TO ACCEPTANCE AND SOLICITATION OF, ADVERTISEMENT FOR, AND INDUCEMENT TO MAKE, DEPOSITS

PART V

SUBSIDIARIES AND OFFICES OF LICENSED INSTITUTIONS

PART VI

RESTRICTIONS ON DEALINGS OF LICENSED INSTITUTIONS

PART VII

FINANCIAL REQUIREMENTS AND DUTIES OF LICENSED INSTITUTIONS

PART VIII

OWNERSHIP, CONTROL AND MANAGEMENT OF LICENSED INSTITUTIONS

PART IX

RESTRICTIONS ON BUSINESS OF LICENSED INSTITUTIONS

PART X

POWERS OF SUPERVISION AND CONTROL OVER LICENSED INSTITUTIONS

PART XI

INVESTIGATION, SEARCH AND SEIZURE

PART XII

APPLICATION OF PARTS X AND XI TO NON-SCHEDULED INSTITUTIONS ENGAGED IN PROVISION OF FINANCE

PART XIII

INFORMATION AND SECRECY

PART XIV

OFFENCES

PART XV

GENERAL PROVISIONS

PART XVI

AMENDMENT, REPEAL AND TRANSITIONAL PROVISIONS

First Schedule

Second Schedule

Third Schedule

Fourth Schedule