Pursuant to the Credit Reporting Agencies (Minimum Amount of Paid-Up Capital) Order 2026 (“Order”), that comes into effect on 1 March 2026, key amendments have been made to the minimum paid-up capital required in a credit reporting agency. The key updates include:
- Increased Minimum Capital Requirement: The minimum paid-up capital is now set at RM5 million compared to the previously prescribed amount of RM1 million.
- Transitional Grace Period: Existing agencies with paid-up capital below the RM5 million threshold have until 1 January 2029 to increase their share capital.
The Order can be accessed here.
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