PUTRAJAYA,Malaysia,Nov. 18,2024 -- Personal Data Protection (PDP) Commissioner incollaboration with Futurise Sdn. Bhd.,is delighted to provide an update on the ongoing development under the Personal Data Protection and Privacy Regulatory Sandbox,aimed at strengthening data protection standards and guidelines in Malaysia.
PDP Commissioner,Futurise on Track to Complete Guidelines and Standard Under the Act 709 by the end of 2024
As part of the regulatory sandbox deliverables,PDP Commissioner and Futurise willrelease four guidelines and one standard by early 2025,while the remaining threeguidelines shall be released in the third quarter of 2025. This significant step forward follows the Memorandum of Understanding (MoU) signed between the two organisationsin early 2024,which laid the groundwork for this joint effort to support Malaysia's dataprotection and privacy landscape. The development of the guidelines is also in line withthe recent amendment of the Personal Data Protection Act 2010 [Act 709] which was approved by the Parliament in July 2024 and gazettedon17October 2024.
The public consultation session for the first five guidelines began in August 2024 and was recently closed with over seven hundred feedbacks obtained for further deliberation. The guidelines that will be released by early next year are Data Protection Officer,Data Breach Notification,Cross border Data Transfer and Data Portability,including the revised version of the Personal Data Protection Standard. These guidelines are set to provide clear,actionable frameworks for the private sectors to ensure compliance with evolving data protection regulations and international standards. In addition,it will also address critical areas such as data handling,storage,access control,and breach management,empowering businesses and organisations to adopt best practices for safeguarding personal data.
PDP Commissioner,Prof. Dr. Mohd Nazri bin Kama highlighted "As Malaysia embracesits digital transformation,ensuring the privacy and security of personal data becomesparamount. The collaboration with Futurise's regulatory sandbox allows us to establishguidelinesthatarenotonlyincompliancewithinternationalstandards butalsotailored toMalaysia'sunique regulatoryenvironment.Weareconfidentthattheguidelineswillserveasavaluable resourceforallstakeholdersinvolved inthemanagement ofpersonaldata."
"Data protection is not only about compliance; it's about ensuring trust in the digital economy. Our regulatory sandbox reflects our commitment to creating a robustframework that is inclusive as it takes into account input from various stakeholders that will empower organisations to uphold the highest standards in data security," said RosihanZainBaharudin,CEOofFuturise.
Therefore,the release of these guidelines will mark a major milestone in enhancing Malaysia's data privacy frameworks,further aligning with the nation's broader digitalization efforts.Futurise and PDP remain committed to fostering a secure digitalenvironmentasthecountry continuesitsdigital journey.
AboutPDPCommissioner
The PDP Commissioner is a statutory body that was incorporated on 15 November 2013[Act 709]. Among the functions of the PDP Commissioner provided under Act 709 are to regulate the processing of personal data in commercial transactions,advising the Minister on the national policy for personal data protection and representing Malaysia through participation in international events.
AboutFuturise
Futurise is a wholly-owned subsidiary of Cyberview Sdn. Bhd under the Ministry of Finance. It is mandated by the Government of Malaysia to manage the National Regulatory Sandbox,providing public policy advisory and acting as a keyenabler of regulatory solutions to expedite innovation and future-proof Malaysia's economy.
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