The Policy Document on Product Transparency and Disclosure has been revised to introduce new and enhanced disclosure requirements aimed at enhancing the effectiveness of product disclosure to facilitate consumers in selecting the right financial product that meets their financial needs.

Highlight

Major revisions made to this Policy Document are as follows:

1. Paragraph 11 on new requirements for product disclosure through digital channels;
2. Paragraph 12 on enhanced requirements on the sharing of customer information for marketing and promotional purposes;
3. Paragraph 14 on revised requirements on the use of Bahasa Melayu; and
4. Paragraph 16 on enhanced requirements on product disclosure sheet.

Issuance Date
2 December 2024

Issuing Department
Consumer and Market Conduct

Document
Policy Document on Product Transparency and Disclosure