Development Financial Institutions Act 2002

The Development Financial Institutions Act 2002 (Malay: Akta Institusi Kewangan Pembangunan 2002), is a Malaysian law which enacted to make provisions for the regulation and supervision of development financial institutions and for matters connected therewith.

Development Financial Institutions Act 2002
MalaysianParliament.jpg
Parliament of Malaysia
  • An Act to make provisions for the regulation and supervision of development financial institutions and for matters connected therewith.
CitationAct 618
Territorial extentThroughout Malaysia
Enacted byDewan Rakyat
Passed11 December 2001
Enacted byDewan Negara
Passed13 December 2001
Royal assent29 January 2002
Commenced7 February 2002
Effective[15 February 2002, P.U. (B) 51/2002]
Legislative history
Bill introduced in the Dewan RakyatDevelopment Financial Institutions Bill 2001
Bill citationD.R. 48/2001
Introduced byShafie Salleh, Deputy Minister of Finance
First reading3 December 2001
Second reading11 December 2001
Third reading11 December 2001
Bill introduced in the Dewan NegaraDevelopment Financial Institutions Bill 2001
Bill citationD.R. 48/2001
Introduced byShafie Salleh, Deputy Minister of Finance
First reading12 December 2001
Second reading13 December 2001
Third reading13 December 2001
Amended by
Development Financial Institutions (Amendment of Schedule) Order 2007 [P.U. (A) 285/2007]
Related legislation
Banking and Financial Institutions Act 1989 [Act 372]
Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 [Act 202]
Companies Act 1965 [Act 125]
Co-operative Societies Act 1993 [Act 502]
Status: In force

StructureEdit

The Development Financial Institutions Act 2002, in its current form (1 October 2008), consists of nine Parts containing 130 sections and one schedule (including one amendment).

  • Part I: Preliminary
  • Part II: Management, Ownership and Control
  • Part III: Restrictions on Business
  • Part IV: Obligations and Sourcing of Funds
  • Part V: Dealings with Government Funds
  • Part VI: Control of Defaulter
  • Part VII: Auditor and Accounts
  • Part VIII: Examination and Investigation
  • Part IX: Miscellaneous
  • Schedule

ReferencesEdit

External linksEdit