Issuance Date

26 April 2022

Summary

Bank Negara Malaysia has issued a policy document on Prudent and Professional Conduct by Financial Advisers on 26 April 2022.

This policy document sets out the policy requirements and guidance for financial advisers and Islamic financial advisers approved pursuant to section 11 of the Financial Services Act 2013 (FSA) or the Islamic Financial Services Act 2013 (IFSA).

The policy requirements in this policy requirements must be met on an on-going basis by an approved financial adviser and Islamic financial adviser in managing its business and conduct in a fair, impartial and professional manner that instils trust and confidence among financial consumers.

Policy Document:

• Prudent and Professional Conduct by Financial Advisers
• Public Feedback Statement – Summary of key feedback received on the Exposure Draft and BNM’s responses

Issuing department
Jabatan Konsumer dan Amalan Pasaran