Notification to Clients on Foreign Exchange Policy Notices
The FEP notices (“FEP Notices”) are administered by Bank Negara Malaysia (“BNM”) under the Financial Services Act 2013 and Islamic Financial Services Act 2013 to accelerate the development of the Malaysian financial market and to maintain monetary and financial stability.
Depending on your residency status, source of funds and whether you have domestic ringgit borrowing or financing, your investments in Foreign Currency Assets onshore and offshore may be subject to applicable FEP requirements and investment limits.
Customers are advised to read and understand the applicable Foreign Exchange Policy ("FEP") Notices and ensure compliance with the relevant requirements when transacting with Kenanga Investment Bank Berhad and its subsidiaries ("Kenanga Group").
FEP Notices Frequently Asked Questions (FAQs)
For further information on the requirements under the FEP Notices, including explanations of key concepts such as Resident and Non-Resident status, Domestic Ringgit Borrowing, applicable investment limits, and frequently asked questions relating to your transactions under the FEP Notices issued by BNM, please refer to the attached FAQs.