Section 25
Establishment or relocation of office of authorized persons
of Financial Services Act 2013
ActIn forceProvision 25 of 124
Section 25
(1)
Unless otherwise specified by the Bank, no licensed person shall establish or relocate an office in or outside Malaysia without the prior written approval of the Bank.
(2)
Where an approved person establishes or relocates an office in or outside Malaysia, such approved person shall notify the Bank in writing within such period as may be specified by the Bank.