Malaysia launches centralised dispute resolution service
Central bank governor says initiative aims to make it easier to seek redress for financial losses
Malaysia’s central bank and securities regulator have launched a new dispute resolution service to make it easier for investors and consumers to make claims against financial services companies.
Bank Negara Malaysia (BNM) and Securities Commission Malaysia jointly launched the Financial Markets Ombudsman Service (FMOS) today, the regulators said in a statement.
The FMOS is a merger between the Ombudsman for Financial Services (OFS) and the Securities Industry Dispute Resolution Center (Sidrec)
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