The Financial Services Act 2013 (FSA) is the main statutory law regulating the conventional financial services of Malaysia, including banking, insurance, and payment systems, having been fully implemented on June 30, 2013, to repeal old acts such as the BAFIA. As of September 2026, the Act has remained valid and is being actively implemented by Bank Negara Malaysia (BNM) with help from the new Amendment Act A1761 that came into force on March 1, 2026, to update electronic transactions. The FSA is the enabling law that allows BNM to implement regulations, including the RMiT framework, among others.
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