This exposure draft sets out proposed requirements and guidance with respect to the disposal and purchase of impaired loans/financing by banking and non-banking institutions. The exposure draft aims to lower barriers to entry for buyers into the impaired financing market, strengthen conduct requirements to provide appropriate protection to borrowers whose loans are sold to non-bank buyers and promote greater efficiency in the disposal/purchase of impaired financing.

The Bank invites written feedback on the policy proposals in this exposure draft. The feedback can include suggestions on alternative proposals which the Bank should consider and should be supported with clear rationale, evidence or illustrations to facilitate the Bank’s assessment.

Feedback must be submitted electronically to the Bank by 19 July 2023 to [email protected].

Specific queries can be directed to the following officers:

(a) Sariah Md. Senan ([email protected])

(b) Nadrah Md. Nadzir ([email protected])

(c) Christie Anne Maran ([email protected])

Issuance Date

19 June 2023

Issuing Department

Jabatan Konsumer dan Amalan Pasaran

Document

Exposure Draft on Disposal and Purchase of Impaired Loans/Financing