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Foreign Exchange Administration

Supplementary Notice (No. 6) on Foreign Exchange Administration Rules and Amendment to the Definitions of the Notices on Foreign Exchange Administration Rules


Release Date: 30 August 2019

Issuance Date
30 August 2019

Effective Date
30 August 2019

Applicability
FSA, IFSA

Summary
Bank Negara Malaysia today issues the Supplementary Notice (No. 6) on Foreign Exchange Administration Rules and Amendment to the Definitions of the Notices on Foreign Exchange Administration Rules on the following:

  1. Additional Hedging Flexibilities to Better Manage Foreign Exchange Risk
    • Hedging by residents for foreign currency current account obligations
    • Hedging by non-residents on anticipatory basis via an appointed overseas office
    • Hedging on behalf of related entities
  2. Amendment to the Definitions of the Notices on Foreign Exchange Administration Rules

Details can be found as follows: