BNM reissues RENTAS and FAST participation rules, effective 1 September 2026
Bank Negara Malaysia has issued version 1.6 of the Participation Rules for Payments and Securities Services, the binding contract governing participants of RENTAS and FAST. The headline change is cosmetic, but the consolidated text carries substantive obligations added in recent revisions covering insolvency handling, continued access for institutions in resolution, and the new role of retail payments operators. Worth a few minutes for anyone operating a RENTAS or SSDS account.
- Version 1.6 of the Participation Rules takes effect on 1 September 2026 and binds all participants of RENTAS and FAST.
- The sole change in this version is Clause 40.1.3, which changes an officer designation from 'Head' to 'Director'.
- An institution in PIDM resolution must retain continued access to RENTAS and cannot be suspended solely for entering resolution under section 98 of the PIDM Act.
- Participants must formally notify their board or compliance committee of any breach of the Rules and submit incident reports to BNM on request.
- BNM's aggregate liability to participants is capped at the highest annual fees and charges paid by any one participant in the preceding twelve months, excluding penalties and admission fees.