ChainCatcher report, according to The Edge Malaysia, Malaysia has comprehensively revised its regulations on civil servants’ shareholding and asset declarations. Under the new rules, public officials may purchase shares in companies registered in Malaysia, but their holdings must not exceed 5% of the company’s paid-up capital or a value of RM300,000, whichever is lower. Although the shareholding cap remains at 5%, the value limit has been increased from RM100,000. Officials seeking to exceed these limits must obtain approval from designated officials, including the Prime Minister and the Chief Secretary to the Government. The notice also establishes specific rules regarding digital assets. Previously, Bloomberg News reported in February that Azam, then Chief Commissioner of Malaysia’s Anti-Corruption Commission (MACC), held 17.7 million shares in a financial services company valued at nearly RM800,000—a report that sparked widespread public debate in the country.
Malaysia Revises Civil Servant Stock Ownership Rules, Adds Digital Asset Guidelines
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Summary
Malaysia has updated its civil servant stock ownership and asset declaration rules, introducing clearer regulations for digital assets. Public officials may now own shares in local companies capped at 5% of paid-up capital or 300,000 ringgit in value, up from 100,000 ringgit. Special cases require approval from senior officials, including the Prime Minister. The directive includes CFT measures to monitor transactions. This follows controversy in February when a former MACC head held shares valued at nearly 800,000 ringgit.
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