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Chapter 3 discusses the Financial Services Act (FSA) 2013 and the Islamic Financial Services Act (IFSA) 2013, which replaced the outdated BAFIA 1989 and IBA 1983. The FSA 2013 aims to enhance regulatory oversight, promote financial stability, and ensure consumer protection within the banking sector. Key provisions include regulatory objectives, authorization requirements, payment systems, and business conduct regulations.

Author

a23b1437

Language

EN