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Friday , October 17, 2014 - 05.10 GMT
Govt establishes council for financial sector regulators to share information


The government has established an Inter Regulatory Institutions Council to facilitate sharing information among financial sector regulators.

The Council has been established with the view to identify issues that require collective action by financial sector regulators to promote financial system stability and the development of the financial sector.

Financial institutions include licensed banks, licensed finance companies and leasing companies, money brokers, primary dealers, insurance companies, insurance brokers, insurance agents, loss adjusters, institutional agents, stock exchanges and stock brokers/dealers.

The Cabinet has approved a proposal made by the President, in his capacity as the Minister of Finance and Planning, to enact legislation for the purpose through an Act of Parliament and to instruct the Legal Draftsman to draft legislation for the purpose





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Last modified: October 19, 2014.

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