AIR+28 Jun 2018

Malaysian regulator reconsidering foreign ownership rules

| 28 Jun 2018

Bank Negara Malaysia (BNM) is expected to take another look at the directive that limits the ownership foreign insurers have of their local units by 30%. Difficulty in finding domestic buyers for the equity stakes has been cited as the reason, with BNM likely to remove the requirement entirely, according to a report by Reuters.

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