The Malaysian Communications and Multimedia Commission (MCMC) has announced that it is holding a public consultation on the draft Code of Conduct (Best Practice) for Internet Messaging Service Providers and Social Media Service Providers (“Draft Code of Conduct”).
The objective of the public consultation is to collect public opinion on the Draft Code of Conduct, which outlines the best practices for applications service provider class licence holders who offer Internet messaging and social media services in Malaysia to address harmful online content and other relevant conduct requirements.

On 19 July 2024, pursuant to the National Payment Systems Act, the Bangko Sentral ng Pilipinas (BSP; Philippine Central Bank) issued Circular No. 1198, Series of 2024 on the Regulatory Framework for Merchant Payment Acceptance Activities (MPAA). The regulatory framework aims to establish standards and best practices to safeguard customer funds and protect merchants’ rights when dealing with operators of payment systems (OPS) engaged in MPAA.
BSP Circular No. 1198 took effect on 8 August 2024, 15 days after the circular’s publication in a newspaper of general circulation.

The Malaysian Communications and Multimedia Commission (“MCMC”) has announced its intention to introduce a new licensing regime for social media services and internet messaging services on 1 August 2024, with enforcement effective from 1 January 2025 onwards.

Under the current licensing framework, social media services and internet messaging services are exempted from the licensing requirement under the Communications and Multimedia Act 1998 (“CMA”) pursuant to the Communications and Multimedia (Licensing) (Exemption) Order 2000.