Establishment and Operations of Representative Offices in Malaysia

This policy document outlines the requirements for the establishment and operations of representative offices of foreign institutions whose businesses correspond, or are similar, to the following businesses:
(a) licensed business under the Financial Services Act 2013 (FSA) and the Islamic Financial Services Act 2013 (IFSA);
(b) insurance broking business, money-broking business and financial advisory business under FSA; and
(c) takaful broking business and Islamic financial advisory business under IFSA.

This policy document sets out the following:
(a) application procedures and requirements applicable to a foreign institution which intends to –
(i) establish a representative office in Malaysia; and
(ii) appoint or reappoint a chief representative for its approved representative office;
(b) activities that a foreign institution may carry on through its approved representative office; and
(c) reporting and operational requirements applicable to an approved representative office.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking