1. Introduction
With a more globalized marketplace, more and more investors have
started to aspire to expand their businesses abroad. And in order
to actualize such aspirations, funding into a target country is
necessary. The first set of regulations that a foreign investor
will face will most likely be based on foreign exchange
("FOREX"). As such, said foreign investor will need to
look into Foreign Exchange Notices ("FE Notices"). We
shall now explore the basic ideas pertaining to the FE Notices.
2. Background of the FE Notices
FE Notices are standards published by Bank Negara Malaysia
("BNM") or the "Central Bank of Malaysia" in
English. FE Notices have force of law as they are published under
the BNM's authority under the Financial Services Act
20131. It allows BNM to specify standards or issue codes
for among others, maintaining orderly conditions or the integrity
of the foreign exchange market.
