ANNOUNCEMENT 30 Jun 2009In June 2009, the government of Malaysia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
European Commission, DG TRADE, Market Access Database: http://madb.europa.eu/madb/barriers_details.htm?barrier_id=105344&version=3
Securities Commission Malaysia, quarterly news bulletin July 2009: http://www.sc.com.my/eng/html/resources/capMy/CapitalMy_0907.pdf
Malaysia PM's office, press release June 30, 2009: http://www.pmo.gov.my/?menu=newslist&news_id=203&news_cat=13&cl=1&page=1731&sort_year=2009&sort_month=
Affected trading partners: http://www.asean.org/archive/5187-6.pdf
On June 30, 2009, the Malaysian government announced the repeal of the Foreign Investment Committee (FIC) Guidelines, bringing about an important liberalisation in terms of equity ownership in most sectors. Previously, foreign ownership was limited to 70 per cent. That percentage rose to 87.5per cent and is now only applicable in the case of an IPO. Post-IPO, no local ownership requirement exists anymore. In addition, FIC approval is henceforth only required for the purchase of property worth more than 20 million Malaysian Ringgit (roughly 6 million US dollars). Further liberalisations were undertaken in fund management and stockbroking company ownership.