BNM Targets First Half of 2024 to Finalise DITO Framework
Bank Negara Malaysia (BNM) has concluded its consultation on the Exposure Draft concerning the Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITO Framework) initiated in November 2022. The draft proposes a framework to support the introduction of DITOs in Malaysia, aiming for policy outcomes of inclusion, competition, and efficiency. The consultation period,…