All posts tagged "takaful"
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506MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
389Malaysia
BNM Finalises Conduct Requirements for Financial Advisers
Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.
April 29, 2022 -
1.4KFintech / Regtech
BNM Proposes New Licensing Framework For Digital Insurers
Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.
January 6, 2022 -
1.9KMalaysiaBNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
373Malaysia
BNM Amends Rules on Managing Financial Adviser Conduct
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021 -
470MalaysiaCapital Markets Workforce Capped as Malaysia Enters Lockdown
The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.
June 1, 2021 -
1.7KFeature
BNM Finalises ‘Climate Change and Principle-based Taxonomy’
The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
May 3, 2021 -
474Malaysia
BNM to Update Framework for Microinsurance, Microtakaful Products
The proposals presented in a new exposure draft seek to promote more innovative, sustainable and inclusive insurance and takaful business models.
December 3, 2020 -
805Capital Regulation
Malaysia: BNM Enhances Financing Facilities for SMEs
BNM is allocating an additional 4 billion ringgit to its financing facilities for SMEs and lowering interest rates to help them sustain their operations and preserve jobs.
March 30, 2020 -
2.3KAML / KYC
Malaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020
