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

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.

## Structure

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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

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## External links

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