Residency Rules in Malaysia

Play an AI-generated podcast conversation about this lesson

What type of securities can be issued to non-residents for use in Malaysia?

Redeemable preference shares (RPS) (correct)
Convertible bonds
Common stocks
Treasury bills

What is the maximum amount a resident individual can obtain from any non-resident other than a non-resident financial institution for use in Malaysia?

RM2 million
Unlimited amount
RM500,000
RM1 million (correct)

What are residents free to do in terms of buying and selling currency for their own account?

Only buy FC against Ringgit on spot basis
Both buy and sell FC against Ringgit on spot basis (correct)
Both buy and sell FC against Ringgit on forward basis
Only sell FC against Ringgit on forward basis

What is considered part of the underlying transaction in a Ringgit derivatives contract offered by a resident?

Exchange rate (D) Signup and view all the answers

Who can enter into FX transactions involving Ringgit on behalf of its resident and non-resident related entity?

Non-resident entity (D) Signup and view all the answers

In which framework can a non-resident institutional investor actively manage its FX exposure?

Dynamic Hedging Framework (C) Signup and view all the answers

What is the restriction related to unwinding or canceling forward transactions?

There is no restriction to unwind or cancel forward transactions for any obligation except portfolio investment (B) Signup and view all the answers

"Residents are free to buy or sell FC against Ringgit on forward basis based on what factor?"

"Underlying obligation" (C) Signup and view all the answers

Who is prohibited from disclosing information about a customer's affairs or accounts?

Any officer of the Bank or person appointed under specific acts (B) Signup and view all the answers

Under what conditions can information about a customer be disclosed without violating Section 133(1)?

If already made lawfully available to the public (A) Signup and view all the answers

Who is exempt from the prohibition stated in Section 133(1)?

Persons appointed under specific acts (C) Signup and view all the answers

What type of information can be disclosed without violating Section 133(1)?

Information disclosed to the Bank or its officers (B) Signup and view all the answers

How can information be shared without violating Section 133(1) if it reveals details about a particular customer?

By ensuring it is not in a form that reveals specific customer details (D) Signup and view all the answers

Who is responsible for ensuring compliance with Section 133(1)?

Any person as specified by BNM (D) Signup and view all the answers

What action can lead to a conflict-of-interest situation as per the text?

Disclosing customer information to another person (A) Signup and view all the answers

Who among the following is considered a 'Resident' as per the rules provided?

A body corporate registered with any authority in Malaysia. (D) Signup and view all the answers

What is the maximum limit for investment abroad for residents without domestic Ringgit borrowing?

No limit. (C) Signup and view all the answers

In what scenario are residents with domestic Ringgit borrowing allowed to invest abroad?

When the investment is less than RM50 million equivalent. (B) Signup and view all the answers

Which of the following statements is true regarding residents investing in foreign currency assets offered in Malaysia?

Residents are free to undertake any amount of investment without restrictions. (A) Signup and view all the answers

What defines a 'Resident' according to the rules provided?

A non-citizen of Malaysia residing outside Malaysia with permanent resident status. (B) Signup and view all the answers

Under what conditions are residents free to undertake investment abroad using foreign currency funds sourced from abroad?

When having domestic Ringgit borrowing. (C) Signup and view all the answers

'Certificate in Credit Laws and Regulations in Malaysian Banking' applies to which type of entities for investing abroad?

Resident entities with parent-subsidiary relationship below RM1 million equivalent. (B) Signup and view all the answers

'Resident' as per the rules provided excludes which type of individuals?

'Permanent residents in Malaysia residing outside Malaysia.' (A) Signup and view all the answers

What is one of the grounds for winding up a company?

Inability to pay its debts (D) Signup and view all the answers

In what situation can a secured creditor surrender the charge to the liquidator?

When they want to claim for the whole debt as an unsecured creditor (A) Signup and view all the answers

When must an unpaid creditor file a petition to wind up the company according to Section 466?

Within 6 months from the expiry date of the notice of demand (C) Signup and view all the answers

What action may a secured creditor take if they are entitled to realize the charged property?

Claim for any shortfall as an unsecured creditor (A) Signup and view all the answers

What does Section 432(1) relate to?

The different types of winding up procedures (D) Signup and view all the answers

How long does a company have to pay a debt after being served with a notice of demand to avoid being deemed unable to pay its debts?

21 days (C) Signup and view all the answers

Which section of CA 2016 provides options for secured creditors regarding property charged by a company?

Section 524 (C) Signup and view all the answers

What should an unpaid creditor do if a company fails to pay a debt within the specified time period?

File a petition to wind up the company (C) Signup and view all the answers

Who does Section 241 of the FSA 2013 empower Bank Negara Malaysia (BNM) to seek indemnification from in case of loss or damage to a licensed person?

The director, officer, or controller of the licensed person (C) Signup and view all the answers

Under Section 241 of the FSA 2013, who may not be held liable to indemnify a licensed person for loss or damage if the offence was committed without their knowledge, consent, or connivance?

The person convicted of the offence (C) Signup and view all the answers

According to Section 250 of the FSA 2013, who is held liable for any act, omission, neglect, or default of an employee, director, controller, or agent?

The principal (B) Signup and view all the answers

What does Section 251 of the FSA 2013 define as a sizeable offence?

An offence punishable under the FSA 2013 (A) Signup and view all the answers

Who is not covered by Section 241 of the FSA 2013 as liable to indemnify a licensed person for loss or damage?

An agent acting on behalf of the principal (D) Signup and view all the answers

In what circumstance is a person assisting in management not liable under Section 241 for indemnification in case of loss or damage?

If they took reasonable precautions and exercised due diligence (D) Signup and view all the answers

Under Section 250 of the FSA 2013, who can be held responsible for any act done by an agent on behalf of the principal?

The principal (B) Signup and view all the answers

What happens under Section 251 if someone commits an offence punishable under the FSA 2013?

A civil action can be taken against them (A) Signup and view all the answers

Apakah salah satu ciri utama FSA dan IFSA?

Memberikan kuasa pengawasan kepada BNM ke atas kumpulan kewangan. (B) Signup and view all the answers

Apakah tindakan yang boleh diambil oleh pemiutang yang mendapat hak untuk melaksanakan harta yang diasaskan?

Menjual harta yang diasaskan. (A) Signup and view all the answers

Apakah tujuan utama FSA dan IFSA dalam pemerintahan dan pengawasan institusi kewangan?

Memastikan ketelusan dan kecekapan dalam sistem pembayaran. (C) Signup and view all the answers

Apakah keistimewaan lain FSA dan IFSA bagi BNM?

Memberi BNM kuasa pengawasan ke atas urusan perniagaan berlesen. (A) Signup and view all the answers

Apa yang dimaksudkan dengan 'Residen' mengikut peraturan yang diberikan?

Individu atau syarikat yang mempunyai kediaman tetap di Malaysia. (D) Signup and view all the answers

Apakah tindakan yang boleh diambil oleh pemiutang jika mereka dibenarkan melaksanakan harta cagaran?

Menyerahkan hak cagaran kepada likuidator. (C) Signup and view all the answers

'Sistem Pembayaran' yang selamat, cekap, dan boleh dipercayai adalah salah satu matlamat utama FSA dan IFSA bagi mana?

Bank Negara Malaysia (BNM). (B) Signup and view all the answers

Siapakah yang bertanggungjawab untuk memastikan metodologi yang sesuai digunakan untuk penilaian risiko kredit?

Pengurusan Tertinggi (A) Signup and view all the answers

Apakah tugas utama Pengurusan Tertinggi dalam konteks penyediaan kerangka peruntukkan kecacatan yang berkesan dan dasar penulisan-off?

Menyediakan dasar penulisan-off (C) Signup and view all the answers

Apakah yang diperlukan oleh institusi dalam pengelasan pinjaman secara konsisten berdasarkan risiko kredit?

Dasar Penarafan Risiko Kredit (A) Signup and view all the answers

Siapakah yang perlu meluluskan dasar penulisan-off?

Lembaga Pengarah (B) Signup and view all the answers

Apakah tanggungjawab utama Pengurusan Tertinggi dalam hubungan dengan kerangka peruntukkan kecacatan dan dasar penulisan-off?

Membangunkan dan melaksanakan kerangka peruntukkan kecacatan (A) Signup and view all the answers

Di bawah garis panduan, siapakah yang diberi tanggungjawab untuk memastikan proses pengelasan pinjaman dilakukan dengan sistematik dan konsisten?

Pengurusan Tertinggi (D) Signup and view all the answers

Apakah keperluan utama yang dinyatakan oleh Garis Panduan berkaitan dengan polisi penulisan-off?

Dasar perlu diluluskan oleh Lembaga Pengarah (C) Signup and view all the answers

Apakah tujuan utama Garis Panduan?

Meningkatkan kesedaran terhadap penyetoran dan pemindahan wang yang diperoleh secara haram dalam sistem kewangan negara. (A) Signup and view all the answers

Apakah tindakan yang diperlukan oleh institusi kewangan di bawah Garis Panduan?

Melaporkan transaksi yang mencurigakan yang dikesan oleh semua pekerja bank. (C) Signup and view all the answers

Apakah kriteria yang digunakan oleh institusi kewangan untuk mengenal pasti pelanggan baru?

Menggunakan proses dan prosedur yang betul. (C) Signup and view all the answers

Apakah tindakan yang dikehendaki oleh institusi kewangan berkaitan dengan rekod pelanggan?

Menyimpan rekod pelanggan untuk pertanyaan masa depan. (B) Signup and view all the answers

Apakah tugas utama Lembaga Pengarah dan Pengurusan Kanan institusi kewangan?

Melaksanakan langkah-langkah AML/CFT yang relevan. (B) Signup and view all the answers

Apakah proses yang perlu dilakukan oleh bank mengikut Garis Panduan BNM?

Proses Penilaian Risiko Pelanggan atau Proses Penilaian Risiko Pelanggan Diperkukuhkan. (A) Signup and view all the answers

Apakah tanggungjawab institusi kewangan di bawah AMLATFPUA?

Memberikan latihan kepada pekerja bank mengenai AMLATFPUA. (A) Signup and view all the answers

Apakah pendekatan yang perlu dilakukan oleh sebuah institusi kewangan jika terdapat satu eksposur dari pelaburan dana berisiko (Restricted Investment Account atau RIA) dibuat dengan bank Islam berlesen?

Menggantikan eksposur kepada pihak kontra langsung dengan eksposur kepada penjamin atau pembekal perlindungan. (D) Signup and view all the answers

Apakah tindakan yang perlu diambil oleh institusi kewangan jika terdapat eksposur yang dijamin oleh Credit Guarantee Corporation (CGC) atau Danajamin?

Menunggu sehingga kejadian keingkaran berlaku sebelum mengambil tindakan. (A) Signup and view all the answers

Apakah yang tidak akan dikenakan kepada sebuah bank Islam berlesen atau institusi kewangan Islam (pengurus dana) yang bertindak sebagai pengurus dana dalam suatu perjanjian tertentu?

Pertanggungjawaban di bawah BNM SCEL. (A) Signup and view all the answers

Apakah tindakan yang boleh diambil oleh sebuah institusi kewangan jika terdapat eksposur yang dijamin atau dilindungi oleh derivatif kredit?

Menggantikan eksposur kepada pihak kontra langsung dengan eksposur kepada penjamin atau pembekal perlindungan. (A) Signup and view all the answers

Apakah syarat-syarat yang perlu dipenuhi oleh sebuah institusi kewangan sebelum menggantikan eksposur kepada pihak kontra dengan eksposur kepada penjamin atau pembekal perlindungan?

Memenuhi kriteria yang ditetapkan dalam dasar BNM SCEL. (C) Signup and view all the answers

'Look-through approach' seperti yang diterangkan dalam Lampiran 2 dasar BNM SCEL perlu dilaksanakan oleh institusi kewangan apabila?

Pengurus dana adalah institusi kewangan Islam. (A) Signup and view all the answers

'Restricted Investment Account' (RIA) adalah tempat pelaburan yang berisiko kerana?

'Restricted Investment Account' (RIA) mungkin menimbulkan kerugian jika tidak dilaksanakan pendekatan 'look-through'. (C) Signup and view all the answers

Apakah tujuan utama Akta yang ditetapkan?

Mempromosikan pertumbuhan ekonomi Malaysia yang mampan. (A) Signup and view all the answers

Apakah peranan utama Akta Perkhidmatan Kewangan Islam 2013 (IFSA) dalam industri kewangan Malaysia?

Menetapkan peraturan bagi institusi kewangan Islam. (A) Signup and view all the answers

Apakah impak utama Akta Syarikat 2016 terhadap undang-undang syarikat di Malaysia?

Mengubah hampir semua aspek undang-undang syarikat. (C) Signup and view all the answers

Siapakah yang diluluskan dan dikawal selia di bawah IFSA?

Institusi kewangan Islam, sistem pembayaran, dan entiti berkaitan. (A) Signup and view all the answers

Apakah yang ditentukan oleh Seksyen 9(b) CA 2016 tentang penubuhan syarikat?

Syarikat mesti mempunyai pemilik tunggal. (C) Signup and view all the answers

Apakah yang dimaksudkan dengan 'Perniagaan Terhad' dalam konteks CA 2016?

Syarikat yang memiliki tanggungjawab terhad kepada pemegang saham. (A) Signup and view all the answers

'Apa yang dimaksudkan dengan 'Syarikat Tak Terhad' mengikut CA 2016?'

'Syarikat Tak Terhad' tidak mempunyai had tanggungjawab terhad kepada pemegang sahamnya. (B) Signup and view all the answers

'Apakah yang diwajibkan oleh Seksyen 9(b) CA 2016 berkaitan dengan penubuhan syarikat?'

'Syarikat mesti mempunyai sekurang-kurangnya dua orang pengarah.' (A) Signup and view all the answers

'Apakah yang diwajibkan oleh Seksyen 9(b) CA 2016 berkaitan dengan penubuhan syarikat?'

'Syarikat boleh memiliki satu atau lebih ahli.' (C) Signup and view all the answers

Residency Rules in Malaysia

Choose a study mode

Podcast

Questions and Answers

What type of securities can be issued to non-residents for use in Malaysia?

What is the maximum amount a resident individual can obtain from any non-resident other than a non-resident financial institution for use in Malaysia?

What are residents free to do in terms of buying and selling currency for their own account?

What is considered part of the underlying transaction in a Ringgit derivatives contract offered by a resident?

Who can enter into FX transactions involving Ringgit on behalf of its resident and non-resident related entity?

In which framework can a non-resident institutional investor actively manage its FX exposure?

What is the restriction related to unwinding or canceling forward transactions?

"Residents are free to buy or sell FC against Ringgit on forward basis based on what factor?"

Who is prohibited from disclosing information about a customer's affairs or accounts?

Under what conditions can information about a customer be disclosed without violating Section 133(1)?

Who is exempt from the prohibition stated in Section 133(1)?

What type of information can be disclosed without violating Section 133(1)?

How can information be shared without violating Section 133(1) if it reveals details about a particular customer?

Who is responsible for ensuring compliance with Section 133(1)?

What action can lead to a conflict-of-interest situation as per the text?

Who among the following is considered a 'Resident' as per the rules provided?

What is the maximum limit for investment abroad for residents without domestic Ringgit borrowing?

In what scenario are residents with domestic Ringgit borrowing allowed to invest abroad?

Which of the following statements is true regarding residents investing in foreign currency assets offered in Malaysia?

What defines a 'Resident' according to the rules provided?

Under what conditions are residents free to undertake investment abroad using foreign currency funds sourced from abroad?

'Certificate in Credit Laws and Regulations in Malaysian Banking' applies to which type of entities for investing abroad?

'Resident' as per the rules provided excludes which type of individuals?

What is one of the grounds for winding up a company?

In what situation can a secured creditor surrender the charge to the liquidator?

When must an unpaid creditor file a petition to wind up the company according to Section 466?

What action may a secured creditor take if they are entitled to realize the charged property?

What does Section 432(1) relate to?

How long does a company have to pay a debt after being served with a notice of demand to avoid being deemed unable to pay its debts?

Which section of CA 2016 provides options for secured creditors regarding property charged by a company?

What should an unpaid creditor do if a company fails to pay a debt within the specified time period?

Who does Section 241 of the FSA 2013 empower Bank Negara Malaysia (BNM) to seek indemnification from in case of loss or damage to a licensed person?

Under Section 241 of the FSA 2013, who may not be held liable to indemnify a licensed person for loss or damage if the offence was committed without their knowledge, consent, or connivance?

According to Section 250 of the FSA 2013, who is held liable for any act, omission, neglect, or default of an employee, director, controller, or agent?

What does Section 251 of the FSA 2013 define as a sizeable offence?

Who is not covered by Section 241 of the FSA 2013 as liable to indemnify a licensed person for loss or damage?

In what circumstance is a person assisting in management not liable under Section 241 for indemnification in case of loss or damage?

Under Section 250 of the FSA 2013, who can be held responsible for any act done by an agent on behalf of the principal?

What happens under Section 251 if someone commits an offence punishable under the FSA 2013?

Apakah salah satu ciri utama FSA dan IFSA?

Apakah tindakan yang boleh diambil oleh pemiutang yang mendapat hak untuk melaksanakan harta yang diasaskan?

Apakah tujuan utama FSA dan IFSA dalam pemerintahan dan pengawasan institusi kewangan?

Apakah keistimewaan lain FSA dan IFSA bagi BNM?

Apa yang dimaksudkan dengan 'Residen' mengikut peraturan yang diberikan?

Apakah tindakan yang boleh diambil oleh pemiutang jika mereka dibenarkan melaksanakan harta cagaran?

'Sistem Pembayaran' yang selamat, cekap, dan boleh dipercayai adalah salah satu matlamat utama FSA dan IFSA bagi mana?

Siapakah yang bertanggungjawab untuk memastikan metodologi yang sesuai digunakan untuk penilaian risiko kredit?

Apakah tugas utama Pengurusan Tertinggi dalam konteks penyediaan kerangka peruntukkan kecacatan yang berkesan dan dasar penulisan-off?

Apakah yang diperlukan oleh institusi dalam pengelasan pinjaman secara konsisten berdasarkan risiko kredit?

Siapakah yang perlu meluluskan dasar penulisan-off?

Apakah tanggungjawab utama Pengurusan Tertinggi dalam hubungan dengan kerangka peruntukkan kecacatan dan dasar penulisan-off?

Di bawah garis panduan, siapakah yang diberi tanggungjawab untuk memastikan proses pengelasan pinjaman dilakukan dengan sistematik dan konsisten?

Apakah keperluan utama yang dinyatakan oleh Garis Panduan berkaitan dengan polisi penulisan-off?

Apakah tujuan utama Garis Panduan?

Apakah tindakan yang diperlukan oleh institusi kewangan di bawah Garis Panduan?

Apakah kriteria yang digunakan oleh institusi kewangan untuk mengenal pasti pelanggan baru?

Apakah tindakan yang dikehendaki oleh institusi kewangan berkaitan dengan rekod pelanggan?

Apakah tugas utama Lembaga Pengarah dan Pengurusan Kanan institusi kewangan?

Apakah proses yang perlu dilakukan oleh bank mengikut Garis Panduan BNM?

Apakah tanggungjawab institusi kewangan di bawah AMLATFPUA?

Apakah pendekatan yang perlu dilakukan oleh sebuah institusi kewangan jika terdapat satu eksposur dari pelaburan dana berisiko (Restricted Investment Account atau RIA) dibuat dengan bank Islam berlesen?

Apakah tindakan yang perlu diambil oleh institusi kewangan jika terdapat eksposur yang dijamin oleh Credit Guarantee Corporation (CGC) atau Danajamin?

Apakah yang tidak akan dikenakan kepada sebuah bank Islam berlesen atau institusi kewangan Islam (pengurus dana) yang bertindak sebagai pengurus dana dalam suatu perjanjian tertentu?

Apakah tindakan yang boleh diambil oleh sebuah institusi kewangan jika terdapat eksposur yang dijamin atau dilindungi oleh derivatif kredit?

Apakah syarat-syarat yang perlu dipenuhi oleh sebuah institusi kewangan sebelum menggantikan eksposur kepada pihak kontra dengan eksposur kepada penjamin atau pembekal perlindungan?

'Look-through approach' seperti yang diterangkan dalam Lampiran 2 dasar BNM SCEL perlu dilaksanakan oleh institusi kewangan apabila?

'Restricted Investment Account' (RIA) adalah tempat pelaburan yang berisiko kerana?

Apakah tujuan utama Akta yang ditetapkan?

Apakah peranan utama Akta Perkhidmatan Kewangan Islam 2013 (IFSA) dalam industri kewangan Malaysia?

Apakah impak utama Akta Syarikat 2016 terhadap undang-undang syarikat di Malaysia?

Siapakah yang diluluskan dan dikawal selia di bawah IFSA?

Apakah yang ditentukan oleh Seksyen 9(b) CA 2016 tentang penubuhan syarikat?

Apakah yang dimaksudkan dengan 'Perniagaan Terhad' dalam konteks CA 2016?

'Apa yang dimaksudkan dengan 'Syarikat Tak Terhad' mengikut CA 2016?'

'Apakah yang diwajibkan oleh Seksyen 9(b) CA 2016 berkaitan dengan penubuhan syarikat?'

'Apakah yang diwajibkan oleh Seksyen 9(b) CA 2016 berkaitan dengan penubuhan syarikat?'