Malaysia revises asset declaration rules for civil servants, raises stockholding limits and includes digital assets under regulation

According to The Edge Malaysia, the Malaysian Public Service Department has revised the asset declaration rules for civil servants. The shareholding limit for civil servants investing in stocks of Malaysia-registered companies has been adjusted to 5% of the company’s paid-up capital or 300,000 ringgit, whichever is lower. Additionally, for the first time, digital assets have been included in the regulatory framework under the new regulations.