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An Insight into Foreign Exchange Administration Rules
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An Insight into Foreign Exchange Administration Rules
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    20 – 21 November 2017
    7 – 8 May 2018

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School

    SIDC CPE

    10

    CPE Points
    This intermediate programme covers the prudential measures of Central Bank of Malaysia to support the overall macroeconomic objective in maintaining monetary and financial stability in Malaysia. The continuity to maintain liberal Foreign Exchange Administration Rules are covered under the Notices to support and enhance the competitiveness of the economy for trade, business and investment activities.
    LEARNING LEVEL
    Intermediate
    PROGRAMME FEE*

    AICB MEMBER

    MYR

    2,200

    / PAX

    NON-MEMBER

    MYR

    2,700

    / PAX

    *inclusive of GST
  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Relate to the foreign exchange administration policy and its rationale 
    • Identify the main responsibilities of banks in ensuring compliance with Foreign Exchange Administration Rules

    PROGRAMME OUTLINE
    Introduction and overview of Foreign Exchange Administration Rules

    Legal provisions relating to the Foreign Exchange Administration Rules

    Reserve and liquidity management, and explanation on the regulatory system to channel back inflows and to control outflows

    Foreign Exchange Administration Notices
    • Notice 1 – Dealings in Currency, Gold and Other Precious Metals  
    • Notice 2 – Borrowing and Guarantee 
      • Exercises on 6 scenarios of borrowing  
      • Group discussion on when a non-resident borrows Ringgit from another non-resident 
    • Notice 3 – Investment and Foreign Currency Asset 
      • Group discussion on a bank’s precautionary measures prior to effecting payment abroad for purpose of investment by residents 
      • Compliance of FEA Rules with regards to supplier’s guarantee 
      • Case study on multi foreign currency account with a licensed onshore bank 
    • Notice 4 – Payments 
      • Group discussion on external account holder obtaining Ringgit facilities from a resident entity 
      • Group discussion on the remittance of foreign currency by a resident entity to settle the holding company’s loan account 
    • Notice 5 – Securities, Islamic Securities, Financial Instruments or Islamic Financial Instruments 
    • Notice 6 – Import and Export of Currency 
    • Notice 7 – Export of Goods 
      • Group discussion on non-receipt of export proceeds for more than 6 months 

    Dealings with Specified Persons and in Restricted Currencies
    • Definitions of specified person and in restricted currencies 

    Directions to Financial Institutions
    • General Operational Requirements 
      • Establish internal control and procedures to ensure compliance 
    • Specific Operational Requirements 
      • Use only reference rate fixed onshore as reference rate for pricing of any FX contracts involving Ringgit 
      • Sighting of documentary evidence for all forward contracts based on the principle of customer’s due diligence 
      • Sighting of documentary evidence before maturity date of forward contract based on firm commitment or anticipatory basis 
      • To designate external account clearly 
  • Methodology

    Interactive group discussions, case studies and sharing of practical experience

  • Participant Profile
    All middle to senior-level bank executives
  • Trainer

    Shahrul Adzuan Ahmad 

    Consultant, Asian Banking School

    Shahrul Adzuan Ahmad has 27 years of working experience in the banking sector, with 24 of those years in training and development at several banking institutions. He started his career in banking in 1990 as a Branch Officer when he joined Maybank Finance Berhad.

    He then went on to join EON Finance Bhd in 1993 as a Training Officer, which then marked the start of his training and development career. In 2004, he became a trainer at EON Bank Bhd where he conducted technical and non-technical programmes. His last position prior to joining the Asian Banking School was with United Overseas Bank (Malaysia) Berhad where he was involved in numerous bank-wide training initiatives and programmes, with Foreign Exchange Administration (FEA) Rules being one of the key training programmes he conducted. Other training programmes delivered during his years with the banks include Exchange Control Notices of Malaysia (ECM), AML/CFT related programmes, credit-related programmes, Leadership Development and soft-skills programmes. He also developed new training programmes and reviewed training content for improvement and enhancement, as well as coordinated and administered the internal AML/CFT e-learning programmes.
    Shahrul holds a Diploma in Banking Studies from Institut Teknologi Mara (now known as Universiti Teknologi Mara) and a Bachelor’s Degree (Sc.) in Human Resource Development from Universiti Teknologi Malaysia. He is also a Certified Training Professional (CTP) and DiSC - Certified Behavioural Consultant (CBC).

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