Bank Negara Malaysia issues exposure draft on open finance

18 December 2025

On 18 November 2025, Bank Negara Malaysia (“BNM”) issued an exposure draft on open finance, setting out its proposed regulatory requirements for open finance. The exposure draft will serve as a foundational framework to facilitate consent-driven sharing of customer information across the financial sector in a secure, open, accessible, interoperable, and timely manner.

BNM invites written feedback on the proposed regulatory requirements in the exposure draft, including suggestions on specific issues, areas requiring clarification, and alternative proposals that BNM should consider. All feedback must be submitted electronically to BNM via the form indicated in the consultation paper by 1 March 2026.