Page "Financial planner" Paragraph 51

In 2005, amendments to the Malaysian Insurance Act require those who carry out financial advisory business ( including financial planning activities related to insurance ) and / or use the title of financial adviser under their firm ( which, like in Singapore, must be a corporate structure ) to obtain a license from Bank Negara Malaysia ( BNM ).

Some persons who offer financial advisory services, e. g. licenced life insurance agents, are exempted from licensing as a practising requirement.