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Malaysia Revises Civil Service Asset Rules: Raises Stock Ownership Limits and Includes Digital Assets in Regulatory Framework
Svmuu News: Malaysia has announced a comprehensive overhaul of its civil service stock ownership and asset declaration system. According to the latest circular from the Malaysian Public Service Department, civil servants may invest in shares of companies registered in Malaysia, provided that their holdings do not exceed 5% of the company’s paid-up capital or a total value of 300,000 ringgit (approximately 94,000 Singapore dollars), whichever is lower. Compared to the previous cap of 100,000 ringgit, the new regulations have significantly raised the investment limit while introducing a cap on cumulative shareholdings. The new regulations also incorporate digital assets into the regulatory framework for the first time, emphasizing that civil servants’ investment activities must adhere to the principles of transparency and accountability to keep pace with the evolution of financial markets and investment instruments. (TheEdgeMalaysia)
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