Malaysia has revised its asset declaration rules for civil servants, significantly increasing the shareholding limits and incorporating digital assets into the regulatory framework. Under the new guidelines issued by the Malaysian Public Service Department, civil servants can now hold shares in Malaysian companies up to 5% of the company's paid-up capital or RM300,000 in total value, whichever is lower. This marks a substantial increase from the previous RM100,000 cap.
For the first time, digital assets are included in the regulations, highlighting a move towards greater transparency and accountability in civil servants' investment activities. The changes aim to align with the evolving financial markets and investment instruments, ensuring that civil servants' investments are adequately regulated.
Malaysia Updates Civil Servant Asset Rules to Include Digital Assets
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