Malaysia Revises Civil Servant Asset Rules: Raises Shareholding Limit and Includes Digital Asset Regulation

Odaily reported that Malaysia has announced a comprehensive revision to its regulations governing stock holdings and asset declarations for civil servants. According to the latest circular from the Malaysian Public Service Department, civil servants are permitted to invest in shares of companies registered in Malaysia, but their shareholding must not exceed 5% of the company's paid-up capital, or a total value not exceeding 300,000 ringgit (approximately 94,000 Singapore dollars), whichever is lower. Compared to the previous limit of 100,000 ringgit, the new regulation has significantly increased the investment amount while also introducing a cap on cumulative shareholdings. For the first time, the new rules also include digital assets within the regulatory framework, emphasizing that civil servants' investment activities must adhere to the principles of transparency and accountability, in order to adapt to the evolution of financial markets and investment instruments. (TheEdgeMalaysia)