The Exposure Draft on Prudent and Professional Conduct of Insurance and Takaful Brokers sets out regulatory requirements and further guidance aimed at ensuring the prudent and professional conduct of approved insurance and/or takaful brokers (approved brokers). The requirements in this Exposure Draft will be incorporated into the Policy Document on the Prudent and Professional Conduct of Insurance and Takaful Brokers. Upon finalisation, the revised requirements proposed in this Exposure Draft will apply to approved brokers.

Bank Negara Malaysia (BNM) invites written feedback on the regulatory requirements and expectations proposed in this Exposure Draft, including suggestions for further clarification on any particular issues or areas, or alternative proposals which BNM should consider. The written feedback should be supported with clear rationale, evidence or illustrations, as may be appropriate, to facilitate BNM’s assessment. Feedback must be submitted electronically to BNM by 5 February 2025 through https://forms.office.com/r/WCE9qB0AHQ.

Issuance Date
19 December 2024

Issuing Department
Consumer and Market Conduct Department

Documents
Exposure Draft on Prudent and Professional Conduct of Insurance and Takaful Brokers