This exposure draft sets out Bank Negara Malaysia’s proposed requirements and guidance for payment system operators approved pursuant to section 11 of the Financial Services Act 2013 (FSA) or the Islamic Financial Services Act 2013 (IFSA).

The proposals in this exposure draft outline the regulatory requirements that approved payment system operators must fulfil to:

• ensure the safety, efficiency and reliability of payment systems;
• preserve public confidence in the payment systems and the payment instruments; and
• ensure payment systems are aligned with relevant international standards, such as the Principles for Financial Market Infrastructures by the Bank for International Settlements (BIS).

See more:

1. Exposure Draft on Payment System Operator
2. Feedback Form