In forceUpdated to 31 Dec 2025Read it in Bahasa Malaysia

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Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part III · Functions and Powers of Regulatory and Supervisory Authority

34. Regulatory and Supervisory Authority

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(1)

A Regulatory and Supervisory Authority referred to in this Act shall consist of any of the following body:

(a)

the Commission;

(b)

the Central Bank of Malaysia;

(c)

the Securities Commission Malaysia;

(d)

the Ministry of Domestic Trade and Cost of Living;

(e)

the Ministry of Housing and Local Government; and

(f)

the Malaysia Co-operative Societies Commission.

(2)

A Regulatory and Supervisory Authority shall have all the functions to regulate and supervise the following persons which are regulated by the Regulatory and Supervisory Authority:

(a)

credit providers carrying on credit business as set out in

Schedule 2; or

(b)

credit service providers carrying on credit service business as set out in Schedule 3.

(3)

For the purposes of subsection (2), the powers of a Regulatory and Supervisory Authority shall include the power to—

(a)

impose fees or other charges;

(b)

examine the business and affairs of a credit provider or credit service provider regulated by the Regulatory and

Supervisory Authority;

(c)

impose monetary penalty under section 106;

(d)

cause an investigation to be made and exercise all the powers of investigation on matters relating to credit business or credit service business regulated by the respective Regulatory and Supervisory Authority;

(e)

specify standards or guidelines for any matter under section 123;

(f)

issue guidance under section 125;

(g)

publish information under section 126; and

(h)

do anything incidental to any of its functions and powers.

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(4)

For the purposes of this section, a Regulatory and Supervisory

Authority shall perform such functions and exercise such powers under this Act in a way which it considers most appropriate for the purpose of this Act.

(5)

The functions and powers of the Regulatory and Supervisory

Authority under this Act are in addition to, and not in derogation of, the functions and powers of the Regulatory and Supervisory

Authority under other relevant written laws.

Terms defined in s 4

Commission
Defined · s 4
“Commission” means the Consumer Credit Commission established under section 6;
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credit
Defined · s 4
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);
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credit business
Defined · s 4
“credit business” means any business, whether conventional or Islamic as set out in Schedule 2;
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credit provider
Defined · s 4
“credit provider” means a person who carries on a credit business where the person— (a) is licensed under Part V of this Act; (b) is permitted to do so under any other written law; (c) is subject to the Hire-Purchase Act 1967; or (d) is subject to the Consumer Protection Act 1999;
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credit service business
Defined · s 4
“credit service business” means any business providing services relating to credit as set out in Schedule 3;
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credit service provider
Defined · s 4
“credit service provider” means a person who carries on a credit service business where the person— (a) is registered under Part V of this Act; (b) is registered to do so under the Capital Markets and Services Act 2007; or (c) is a permit holder under the Hire-Purchase Act 1967;
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Regulatory and Supervisory Authority
Defined · s 4
“Regulatory and Supervisory Authority” means any body as set out under subsection 34(1);
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specify
Defined · s 4
“specify” means to specify in writing in any form including standards or guidelines, and a power to specify includes the power to specify differently for different persons or different classes, categories or descriptions of persons, credit businesses, credit service businesses, credit providers or credit service providers;
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standards or guidelines
Defined · s 4
“standards or guidelines” includes any obligation or requirement as specified by the Commission or a Regulatory and Supervisory Authority under section 123;
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this Act
Defined · s 4
“this Act” includes any subsidiary legislation, standard or guidelines and notification made under this Act;
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Report

Read on from s 35

Part IV

Advisory Committee

Read on from Part IV

Part V

Licensing and Registration

Read on from Part V

Part VI

Islamic Credit Business

Read on from Part VI

Part VII

Business Conduct for Credit Consumer Protection

Read on from Part VII

Part VIII

Examination and Investigation

Read on from Part VIII

Part IX

Enforcement

Read on from Part IX

Part X

General Provisions

Read on from Part X