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
Parliament of Malaysia
Long title An Act to make provisions for the regulation and supervision of development financial institutions and for matters connected therewith.
Citation	Act 618
Territorial extent	Throughout Malaysia
Passed by	Dewan Rakyat
Passed	11 December 2001
Passed by	Dewan Negara
Passed	13 December 2001
Royal assent	29 January 2002
Commenced	7 February 2002
Effective	[15 February 2002, P.U. (B) 51/2002]
Legislative history
First chamber: Dewan Rakyat
Bill title	Development Financial Institutions Bill 2001
Bill citation	D.R. 48/2001
Introduced by	Shafie Salleh, Deputy Minister of Finance
First reading	3 December 2001
Second reading	11 December 2001
Third reading	11 December 2001
Second chamber: Dewan Negara
Bill title	Development Financial Institutions Bill 2001
Bill citation	D.R. 48/2001
Member(s) in charge	Shafie Salleh, Deputy Minister of Finance
First reading	12 December 2001
Second reading	13 December 2001
Third reading	13 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

Structure

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

References

External links

• Development Financial Institutions Act 2002 2016-09-22 at the Wayback Machine   This article incorporates text from this source, which is in the public domain.