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SSM: Movable Property Security Interest (MPSI) Bill

Updated: May 6


Movable Property Security Interest (MPSI) Bill - PDF

111 Movable Property Security Interest (MPSI) Bill
.pdf
Download PDF • 1.73MB

Movable Property Security Interest (MPSI) Bill

111.1 Movable Property Security Interest (MPSI) Bill
.pdf
Download PDF • 663KB

1. In Malaysia,


✅ for incorporated entities, section 353 of the Companies Act 2016 currently regulates the creation, registration, and enforcement of assets for both movable and immovable assets.


✅ However, there is no single legal framework that governs the creation and enforcement of movable assets as security interests created by unincorporated entities (e.g. sole proprietorship or partnership) /individuals.


2. Real estate and buildings, as well as other fixed assets, are commonly used as collateral for loans.


👉 However, movable collateral (such as inventory, accounts receivable, livestock, crops, equipment, and machinery) is unpopular in many jurisdictions due to the lack of a legal framework that oversees security interests/secured transactions in those jurisdictions.


3. Suruhanjaya Syarikat Malaysia (SSM) published Consultative Documents on the proposed Movable Property Security Interest (MPSI) Bill for public consultation on October 14, 2021.


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1. 在马来西亚, ✅ 对于法人实体,《2016年公司法令》第353条文目前对动产和不动产的构成、登记和执行进行了规定。 ✅ 然而,没有单一的法律框架来规范非法人实体(比如:独资经营企业或合伙企业)/个人,针对以动产为担保的创立和执行。 2. 房地产和建筑物,以及其他固定资产,通常被用作贷款的抵押品。 👉 然而,动产抵押品(如存货、应收账款、牲畜、农作物、设备和机器),在许多管辖区却不受欢迎,因为这些管辖区缺乏监督担保权益/担保交易 [security interests/secured transactions] 的法律框架。 3. 马来西亚公司委员会(SSM)于2021年10月14日,公布了关于拟议的动产担保权益(MPSI)法案的咨询文件,以征求公众意见。

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