Notification to Clients on Foreign Exchange (“FE”) 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.*