Bank Negara payments systems law effective Nov 1

Malaysia's Payment Systems Act 2003, will come into force on 1 November to ensure the efficient functioning and stability of the payments system. "The Act empowers the central bank to designate payment systems with systemic implications for closer oversight," Bank Negara Malaysia said.

Source: The Edge Daily

A new act, the Payment Systems Act 2003, will come into force on Nov 1 to ensure the efficient functioning and stability of the payments system as well as to preserve the confidence in the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: