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Foreign Exchange Notices

Release Date: 30 Apr 2020

The Foreign Exchange Notices set out--

(a) approvals of the Bank for transactions which otherwise are prohibited under section 214(2) read together with Schedule 14 of the FSA and section 225(2) read together with Schedule 14 of the IFSA;

(b) requirements, restrictions and conditions of the approvals; and

(c) directions of the Bank.

A person shall obtain a written approval of the Bank to undertake or engage in any transaction listed in Schedule 14 of the FSA or IFSA that is not approved by the Bank under the FE Notices.

This Foreign Exchange Notices will supersede:

(a) Notices on Foreign Exchange Administration Rules [BNM/RH/CIR 000-2] issued by the Bank on 28 June 2013 and effective on 30 June 2013;

(b) Supplementary Notice on Foreign Exchange Administration Rules – Measures to Promote the Development of Malaysian Financial Market dated 2 December 2016;

(c) Supplementary Notice (No. 2) on Foreign Exchange Administration Rules and Amendment to the Definitions of the Notices on Foreign Exchange Administration Rules – Measures to Promote Development of Malaysian Financial Market dated 2 May 2017;

(d) Supplementary Notice (No. 3) on Foreign Exchange Administration Rules – Measures to Promote Development of Malaysian Financial Market dated 8 September 2017;

(e) Supplementary Notice (No. 4) on Foreign Exchange Administration Rules dated 17 August 2018;

(f) Supplementary Notice (No. 5) on Foreign Exchange Administration Rules dated 27 March 2019; and

(g) Supplementary Notice (No. 6) on Foreign Exchange Administration Rules and Amendment to the Definitions of the Notices on Foreign Exchange Administration Rules dated 30 August 2019.

See More: Foreign Exchange Notices

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