Updated: May 6, 2022
Movable Property Security Interest (MPSI) Bill - PDF
Movable Property Security Interest (MPSI) Bill
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.
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。