This exposure draft introduces new and enhanced disclosure requirements. It is aimed at ensuring that product disclosure continues to serve its purpose of facilitating consumers to assess product suitability and make informed financial choices.

The principle-based requirements under Part B of the exposure draft establish the minimum disclosure obligations expected of financial service providers (FSPs). In addition, FSPs are required to meet the product-specific disclosure requirements contained in the Schedules.

Bank Negara Malaysia (BNM) invites written feedback on the regulatory requirements in this exposure draft. This includes suggestions on specific issues or areas that need further clarification or alternative proposals that BNM should consider. The written feedback should be supported with clear rationale, evidence or illustrations, as may be appropriate, to facilitate the assessment. 

Feedback must be submitted electronically to the Bank by 29 March 2024 through https://forms.office.com/r/Jcmig4dW0d.

Issuance Date
29 February 2024
 

Issuing Department
Jabatan Konsumer dan Amalan Pasaran
 

Document
Exposure Draft on Product Transparency and Disclosure