Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part IV · Advisory Committee
37. Membership
Feedback & supportThe Advisory Committee shall consist of the following members:
Advisory Committee
“Advisory Committee” means the Advisory Committee established under section 36;
the Executive Chairman as the chairman of the Advisory
Executive Chairman
“Executive Chairman” means the executive chairman of the Board appointed under section 9;
Committee;
a senior management representative of each of the following:
senior management
“senior management” means a person appointed by a corporation to manage any part of its business or having authority and responsibility for the credit business, credit service business or business decisions of the corporation, by whatever name called and includes the chief executive and chief financial officer;
the Ministry of Finance;
the Ministry of Entrepreneur and Cooperatives
Development;
the Ministry of Domestic Trade and Cost of
Living;
the Ministry of Housing and Local Government;
the Central Bank of Malaysia;
the Securities Commission Malaysia; and
the Malaysia Co-operative Societies Commission;
and
any other person as appointed by the Advisory Committee.
person
“person” includes an individual, any sole proprietorship, corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;