BNM issues policy document on Product Transparency and Disclosure

23 January 2025

On 2 December 2024, Bank Negara Malaysia issued a policy document on Product Transparency and Disclosure, which came into effect immediately, save for certain provisions. The policy document sets out guidance on ensuring the transparency and effective disclosure of financial products offered by licensed financial service providers. The purpose of this policy document is to ensure that consumers make more informed financial decisions through the imposition of certain requirements on entities which cover financial institutions, insurers, takaful operators, and other relevant entities.