Loan (Local) (Fees Payable To Depository Institution) Rules 1991

The Loan (Local) (Fees Payable to Depository Institution) Rules 1991 P.U.(A) 69/2023 was gazetted on 15 March 2023 ("Rules").

Pursuant to the Rules:

1. Where any person, other than a participating investing institution, makes a transfer or takes a transfer of a stock under subsection 8B(2) of the Loan (Local) Act 1959 ("Act") through a depository institution, the depository institution may require such person to pay to the depository institution a fee not exceeding two ringgit for every transfer of a stock made, or every transfer of a stock taken, as the case may be, through the depository institution.
2. Where a depository institution maintains a customer's account under subsection 8B(5) of the Act, the depository institution may require the stock customer in respect of whom such customer's account is maintained to pay to the depository institution a fee not exceeding five ringgit for every continuous period of six months or any part thereof during which