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1. Financial Regulations and Policies every Fintech
Geek should be aware of
LIM JO YAN
5 September 2016Partner, Head of Corporate and Commercial Practice Group

2. Who are the relevant Regulators?
2
• Central Bank of Malaysia
• Securities Commission
• Competition Commission
• Personal Data Protection Commission
• Ministry of Urban Wellbeing, Housing
and Local Government
• Communications and Multimedia
Commission

3. Market Segments
3
• Data and Analytics
- Customer facing purposes
- customer segmentisation, product
targeting, pricing optimisation
- Risk management
- credit risk, fraud

4. Market Segments
4
• Data and Analytics
- Legal Issues
- Personal Data Privacy
- Intellectual Property
- Competition/anti-trust

5. Market Segments
5
• Artificial Intelligence
- Automated advice
- Automated decision making
- Automated product recommendation

6. Market Segments
6
• Artificial Intelligence
- Legal Issues
- Licensing
- Personal Data Protection
- Negligence

7. Market Segments
7
• Payments
- P2P fund transfer
- P2P currency transfer

8. Market Segments
8
• Payments
- Legal Issues
- Licensing
- Foreign Exchange Control
- Anti-Money Laundering
- Anti-bribery
- Know your client
- E-commerce transactions / digital
signatures

9. Market Segments
9
• Digital Currencies
- Virtual currencies

10. Market Segments
10
• Digital Currencies
- Legal Issues
- Legality
- Regulation of the technology
- AML
- KYC

11. Market Segments
11
• Crowdfunding
- Equity Crowdfunding
- P2P Lending

12. Market Segments
12
• Crowdfunding
- Legal Issues
- Licensing
- Companies Act
- Moneylending
- Trustee
- Nominee arrangements
- AML & KYC

13. Development
13
• BNM Regulatory Sandbox
• Point for consideration:
- BNM and SC are the drivers of fintech
in Malaysia
- Know who is the relevant regulator

14. Conclusion
14
• More often than not, fintech businesses
are regulated
• Engage in discussions with the
regulators
• Seek professional advice

15. Thank you!
Lim Jo Yan
T 6 03 7887 2702
E joyan.lim@mahwengkwai.com
www.mahwengkwai.com