PANews, June 20 – According to The Edge Malaysia, Malaysia has carried out a comprehensive revision of regulations on civil servants’ shareholding and asset declaration. The new rules stipulate that public officials may purchase shares in companies incorporated in Malaysia, provided that the shareholding does not exceed 5% of the company’s paid-up capital or a value not exceeding RM300,000, whichever is lower. While the shareholding percentage cap remains at 5%, the value cap has been raised from RM100,000. Officials who wish to exceed the shareholding limits must apply for approval from designated officials, including the Prime Minister and the Chief Secretary to the Government. The circular also sets out rules regarding digital assets. Previously, Bloomberg News reported in February that Azam, then Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC), held 17.7 million shares in a financial services company worth nearly RM800,000. The report sparked public uproar in the country.