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, 2022Advisers 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, 2022Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.
January 6, 2022New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.
June 1, 2021The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
May 3, 2021The proposals presented in a new exposure draft seek to promote more innovative, sustainable and inclusive insurance and takaful business models.
December 3, 2020BNM 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, 2020The 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