5.1 REGULATORY BODIES IN MALAYSIA

There are role of Bank Negara Malaysia except

• Issue of legal tender currency

• Promote banking development

• Not control and regulate credit through monetary tools

• Issue licence to bank

Determine the power of Inland Revenue Board of Malaysia / LHDN

• To offer training facilities

• Utilise all board property

• Act as the economy improved

• Take part in any activity to advance better tax

......... is one of the most important agencies when it comes to tax and revenue matters.

• Inland revenue board of malaysia /LHDN

• Securities Commission

• Bursa Malaysia

• Central Bank of Malaysia (BNM)

When was Labuan Financial Services Authority (Labuan FSA) established?

• 15 February 1996

• 16 February 1969

• 15 January 1996

• 16 January 1969

“Bursa Malaysia also offers Shariah-compliant securities which are in accordance with the Shariah investment guidelines.”

• True

• False

Bank Negara Malaysia governed by

• Central Bank of Malaysia Act 1958

• Central Bank of Malaya 2009

• Central Bank of Malaysia Act 2009

• Central Bank of Malaya 1958

“The country’s stock exchange and operates as a platform which offers a range of exchange-related products and services for companies, groups and governments to sell securities to the public”

The statement refers to:

• Bank Negara Malaysia

• Bursa Malaysia

• LHDN

• Labuan FSA

Which are the functions of Labuan FSA

• To administer, enforce, carry out and give effect to the provisions of the Labuan IBFC laws

• To exercise, discharge and perform such powers, duties and functions in accordance with the laws

• To maintain the good reputation of Labuan FSA as an international business and financial centre

• To carry out research and commission studies on financial services in Labuan IBFC

Choose 2 roles of Security Commission

• Encouraging self-regulation

• Offer training facilities and technical guidance to foreign tax authorities

• Approving authority for corporate bond issues

Which is not one of the SC affiliate ?

• BIX

• SDREX

• MEKAR

• InvestSmart