Regulation 3. Trade description in relation to standard of fineness. (TRADE DESCRIPTIONS (ARTICLES MADE OF PRECIOUS METALS) REGULATIONS 1994

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Malaysia Legislation

P.U.(A) 292/94
TRADE DESCRIPTIONS (ARTICLES MADE OF PRECIOUS METALS) REGULATIONS 1994

Regulation 3. Trade description in relation to standard of fineness.

(1) A trade description used in the course of trade or business in relation to the standard of fineness of an article made of precious metal shall be as follows:

(a)

in relation to gold, it shall only be as that specified in Part I of the First Schedule;

(b)

in relation to silver, it shall only be as that specified in Part II of the First Schedule; and

(c)

in relation to platinum, it shall only be as that specified in Part III of the First Schedule.

(2) Where an article made of precious metal is of a fineness higher than a standard of fineness specified for that precious metal in the First Schedule but lower than the next higher standard, the standard of fineness of such article shall be the nearest lower standard as specified in that Schedule.

(3) An article of a standard of fineness less than that of the minimum standard of fineness as specified in the First Schedule shall not be referred to by the name of gold, silver or platinum.