Companies (Prescribed Interest) Regulations 2011 | Malaysian Corporate, Commercial, Competition and Consumer Law

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Companies (Prescribed Interest) Regulations 2011

The Regulations, that will come into operation on 15 November 2011, provides that an interest of a person (i.e. a lender in a securities borrowing and lending arrangement or a borrower in a securities borrowing and lending arrangement, provided that the borrower shall not keep the borrowed securities for more than business days) under subsection 6A(6) of the Companies Act arising from a securities borrowing and lending transaction is a prescribed interest.

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Source	:	Federal Gazette Portal of the AGC

Date of Publication	:	Monday, 14 November 2011

Original Title	:	Companies (Prescribed Interest) Regulations 2011

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