SSM – New Secured Transaction Legal Framework for Movable Property

On 20 October 2023, Suruhanjaya Syarikat Malaysia (SSM) issued an article stating that the proposed Movable Property Security Interest (MPSI) Bill finalised by the Special Committee will be presenting to Parliament in 2024.

The proposed legal framework will provide more opportunities for businesses, especially small and medium-sized enterprises (SMEs), to use movable assets such as motor vehicles, crops, livestock, and negotiable instruments, tangible and intangible assets as collateral to secure financing. SSM will serve as the regulatory agency for the new Bill.

Please click the following for further details:

• Article
• Proposed Movable Property Security Interest (MPSI) Bill