Securities Commission Malaysia P2P Financing

SC introduces a regulatory framework to facilitate peer-to-peer financing The Securities Commission Malaysia (SC) today announced the regulatory framework for peer-to-peer financing (P2P), setting out requirements for the registration of a P2P platform as provided in the amended Guidelines on Recognized Markets. The introduction of the new Chapter 13 in the Guidelines provides for the …

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Fintech Regulatory Sandbox Framework

Bank Negara, Malaysia’s central bank and banking/insurance regulator issued the finalized FinTech Regulatory Sandbox Framework [FRSF] following its earlier¬†Discussion Paper.¬† It comes into effect on 18th October 2016 as announced by BNM Governor Datuk Muhammad Ibrahim in his keynote address at the Sixth Malaysian Insurance Summit. To recap, the FRSF is meant for BNM to …

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