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Foreign Exchange Administration Rules: Applications in Banking Operations and Transactions
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    5 - 6 August 2019

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School
    The Foreign Exchange Administration (FEA) Rules are part of the many legislations enforced by Bank Negara Malaysia (BNM). Established in 2013, staff of banking institutions in Malaysia are expected to understand and be aware of the applicability and impact of non-compliance to the FEA Rules.

    This intermediate programme covers the prudential measures of BNM in maintaining monetary and financial stability in Malaysia. It is designed to enable participants to recognise key rulings of the FEA Rules that are relevant to the bank’s products and operations.
    LEARNING LEVEL

    Intermediate

    PROGRAMME FEE

    AICB MEMBER

    MYR

    2,200*

    / PAX

    NON-MEMBER

    MYR

    2,700*

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to: 

    • Recognise the legal framework and significant rules in the Foreign Exchange Administration Notices
    • Relate the FEA Rules to their banking operations and practices
    • Identify the main responsibilities of banks and key due diligence measures in ensuring compliance with FEA Rules

    PROGRAMME OUTLINE

    Introduction and Overview of Foreign Exchange Administration Rules

    Legal Provisions Relating to Foreign Exchange Administration Rules

    • Laws applicable to the FEA Rules
    • Overview of S214 FSA and its legal implications to licensed banks
    • Principles and objectives of FEA Rules

    Reserve and Liquidity Management & FEA Rules Policy Framework

    Directions to Financial Institutions
    • General operational requirements
    • Specific operational requirements
    • BNM’s expectations for financial institutions (FIs)

    Reading and Understanding FEA Notices

    • 4Ws – simple and practical guide to FEA Rules
    • Applicability, structure and contents of FEA Notices
    • Activity / discussion

    Non-Compliance of FEA Rules / Notices
    • Compounds and penalties since 2014
    • Samples of cases

    Definition of terminologies in FEA rules in relation to Section 213

    FEA Notices and Rules

    • Notice 1 – Dealings in currency, gold and precious metals
      • Related definitions
      • Dealings in gold and precious metals
      • Rules on buying and selling of currency by residents and non-residents
      • Appointed overseas office
      • Directions to financial institutions
      • Case Scenarios

    • Notice 2 – Borrowings and guarantees
      • Related definitions
      • Rules on borrowings by resident in Ringgit and in foreign currency
      • Rules on borrowings by non-residents in Ringgit and in foreign currency Exchanging of debts
      • Rules on financial and non-financial guarantees: issuance, obtaining and payment
      • Rights of first refusal
      • Ensuring compliance to Notice 2Case scenarios
      • Case scenarios


    • Notice 3 – Investment in Foreign Currency Assets (FCA)

      • Related definitions
      • Rules for investment in foreign currency assets
      • Investment in FCA: sources and uses of funds
      • Ensuring compliance to Notice 3
      • Case scenarios

    • Notice 4 – Payment

      • Opening and maintaining external and foreign currency accounts
      • Payments and receipts in Ringgit
      • Payment and receipts in foreign currency
      • External account: directions to FIs and permitted sources and uses of funds
      • Ensuring compliance to Notice 4
      • Directions to FIs
      • Case Scenarios


    • Notice 5 – Securities, Islamic Securities, Financial Instruments or Islamic Financial Instruments

      • Related definitions
      • Rules on issuance and transfer of securities, Islamic securities, financial instruments or Islamic financial Instruments
      • Buying and selling of financial instruments and Islamic financial instruments on Bursa Malaysia
      • Interest rate swap


    • Notice 6 - Import and export of currency

    • Notice 7 – Export of goods

      • Related definitions
      • Illustrations on revised definitions of export of goods
      • Rules on export of goods, payment of export of goods by non-resident in Ringgit and retention of export proceeds of goods in trade FCA
      • Trade FCA: Sources and uses of funds
      • Supplementary directions to FIs
      • Transfer of received proceeds of export of goods between banks
      • Ensuring compliance to Notice 7
      • Case scenarios

    Other Matters

      • Special status companies – flexibilities of FEA Rules
      • Dealings with specified persons and in restricted currencies
      • Foreign currency trading

  • 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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