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Teo Wai Sum

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Articles

Cloud Service Regulation to Come into Effect January 2022

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By G Vijay Kumar, Teo Wai Sum, CK Lung, Lee Allen Verified
| Lexology Verified
Malaysia October 22 2021 On 16 October 2021, the Malaysian Communications and Multimedia Commission (MCMC) announced that it will implement light touch regulations on cloud services with effect from 1 January 2022 (Cloud Service Regulation). To date, the draft Cloud Service Regulation has not been published.
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The Long Arm of the EU GDPR: What it Means for Malaysian Companies

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By G Vijay Kumar, Teo Wai Sum, CK Lung, Lau Wai Kei, Lee Allen Verified
| Lexology Verified
When the European Union (EU) General Data Protection Regulation (GDPR) came into force in 2018, one of its most eyecatching features was its extraterritorial jurisdiction provisions. With these provisions, controllers (similar to data users under our Personal Data Protection Act 2010) and processors located outside of the EU may still be subject to the EU GDPR, including controllers and processors located in Malaysia.
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Navigating the E-Money Landscape | Lexology

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By G Vijay Kumar, Teo Wai Sum, Lee Allen Verified
| Lexology Verified
A fortnight ago, Bank Negara Malaysia (BNM) proposed, in the form of an "exposure draft" (Exposure Draft), requirements and guidance for issuers of electronic money (EMI) approved pursuant to s 11 of the Financial Services Act 2013 or the Islamic Financial Services Act 2013. The Exposure Draft invites written feedback and proposals from the relevant stakeholders.
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