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Malaysia revises civil servant shareholding regulations, clarifies rules related to digital assets

MarsBitNews
Mars Finance reported, citing The Edge Malaysia, that Malaysia has comprehensively revised its rules governing civil servants’ shareholdings and asset declarations. Under the new regulations, public officials may purchase shares in companies registered and incorporated in Malaysia, but the shareholding percentage must not exceed 5% of the company’s paid-up capital, or a value not exceeding 300,000 ringgit—whichever is lower. While the shareholding percentage cap remains at 5%, the value cap has been increased from 100,000 ringgit to 300,000 ringgit. If an officer wants to exceed the shareholding limit, they must apply for approval from the designated officials, including the Prime Minister and the Government’s Chief Secretary. The notice also sets out rules relating to digital assets. Previously, in February, Bloomberg News reported that Azam, the then Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC), held 17.7 million shares in a financial services company, worth nearly 800,000 ringgit. The report sparked heated public discussion in the country.
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